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Onboarding

Nasdaq is pleased to announce that Nasdaq Futures, Inc. (NFX) will, subject to all applicable regulatory review periods, officially launch on Friday, July 24, 2015.

NFX approved Futures Participants are provided a permit to transact business on NFX. Clearing Futures Participants may offer direct-access relationships with customers, upon approval by NFX.

Block Trade Reporting Access

Block Trade Reporting can be done either through the use of an ISV, writing to the API or by using the NasdaQ-Port application. This is a web based tool that allows for the reporting of Block Trades on NFX. To obtain credentials please complete the NasdaQ-port Request Form. The NasdaQ-Port application can be used for both Block Trade Reporting and administration of Block Broker.

Accessing NFX

1. Decide Environment(s)

Each firm should reflect on their individual requirements when reflecting on how to access NFX and if this will include proprietary software (as opposed to only independent software vendors (ISVs). Below are some of the on boarding requirements applicable to each catagory: ISV

Requirements:

  • Make request and confirm with ISV that they will have readiness that corresponds with the launch timeline.
  • Confirm that the ISV will provide the network connectivity to the NFX infrastructure.
  • Register at least one ITCH or FIX market data port.

Proprietary software Requirements:

  • Arrange for network connectivity to our market infrastructure.
  • Register at least one ITCH or FIX market data port.
  • Participants will have to pass a Participant Entrance Test in our Test Environment before they will be certified to trade proprietary for execution software.

2. Determine and communicate if your firm will be integrating to any of the following NFX APIs?

  • FIX Order Entry
  • FIX Drop (Drop Copy)
  • FIX Reference Data
  • ITCH Market Data (reference date and full orderbook information)
  • Auxiliary Market Data (AMD)(off exchange trades and settlement prices)

If yes to any of the above? Then please:

  • Register intent (of connecting to the NFX API) with your NFX onboarding contact.
  • Obtain access to the test environment during December and prepare for connectivity to the production site (350 Cermak)
  • Successfully complete conformance testing during February/March 2015 (trading software)
  • Have successfully participated in Dress Rehearsals

Market Data

To initiate NFX data, firms must submit the appropriate documentation and receive prior approval from Nasdaq:

For the complete list of Nasdaq market data agreements and forms, please refer to the Nasdaq Global Data Products Agreements and Forms page.

To order this data on a stand-alone terminal/controlled display product, end users or end-user firms should contact their market data vendor for the appropriate agreements and forms.

For additional questions, please contact your Global Data Products Account Representative or Nasdaq Global Data Sales at +1 301 978 5307 (Option #1) or +45 33 93 33 66.

Approved Vendors

Nasdaq Futures, Inc. (NFX) works with the leading independent software vendors (ISVs) through our Preferred Vendor Program to allow their customers efficient access to energy futures products.

Vendors interested in joining NFX’s Preferred Vendor Program should fill out this form or contact futures@nasdaq.com.

 

CQG (www.cqg.com) provides high-performance trade routing, global market data, and advanced technical analysis. CQG partners with more than one hundred Futures Commission Merchant environments and provides Direct Market Access to more than forty exchanges through its global network of co-located Hosted Exchange Gateways. CQG's server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease-of-use. CQG's market data feed consolidates more than seventy-five sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities as well as data on debt securities, industry reports, and financial indices.

 

 

 

 

ORDER-ENTRY

OptionsCity Software powers the trading, risk management and analytics needs of professional futures and options traders, market-makers and financial institutions worldwide. OptionsCity’s diverse suite of powerful tools includes Metro, its flagship electronic trading and market-making platform, and Freeway, a multi-asset automated trading engine designed to build, test, and deploy algorithms with micro-second execution. OptionsCity is a certified Independent Software Vendor on leading global derivative exchanges and markets. For more information, please visit www.optionscity.com.

 


 

 

ORDER-ENTRY

Orc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide. For more information, please visit www.Orc-Group.com

 

Stellar Trading Systems specializes in producing fast and powerful trading systems for the high frequency, high volume trader. Stellar provides a complete trading system solution with an intuitive front end, comprehensive order and risk management, combined with industry leading performance. All this is achieved without compromise – Stellar is easy to use, robust and scalable. Stellar recognizes that trading system technology continues to evolve and is committed to remaining at the forefront of this process by embracing new techniques and challenging conventional solutions. For more information on Stellar's suite of products visit: stellartradingsystems.com

 

 

 

 

ORDER-ENTRY 

Trading Technologies (http://www.tradingtechnologies.com,  @Trading_Tech) develops and delivers professional trading software for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers and risk managers. TT provides access to 40 major international exchanges and liquidity platforms. Its recently unveiled next-generation trading platform, TT, uses the software-as-a-service (SaaS) delivery model to give users a fast, reliable, mobile solution that represents what's next in the world of trading and technology.

 

 

 
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