Trading Technologies has launched a new
trading platform, TT, built on a Software-as-a-Service (SaaS)
framework and the success of its original trading platform,
Announced at the 40th annual
FIA meeting in Boca Raton, Florida on Wednesday, Trading
Technologies - which supplies ultra-fast trading links to the
world’s top derivatives market – said the
new platform will be available to "everyone, worldwide."
The tech firm said the new platform
requires no client-side software as it has been built on a SaaS
framework. "FCMs can permission new traders in minutes through
web-based tools, from anywhere on any device. And our users can
begin trading in just minutes after creating a TT account and
logging in," said Trading Technologies.
The TT platform builds on the
firm’s X_TRADER platform, allows users to
replicate this trading experience with increased accessibility,
flexibility and power.
The company said traders will be able to
quickly create workspaces using configurable widgets and
intuitive search functionality, then save the workspaces to be
available from any computer, on any operating system.
X_TRADER platform was introduced in 1994 and has been the
company’s flagship offering since.
"Technology and market needs have changed,
driving us to rethink how we build and deliver software to our
customers. Businesses across nearly every industry are
embracing the software-as-a-service (SaaS) delivery model.
While the professional financial services industry has been
slower than most to do so, we believe that time has come," said
the company in a statement.
The platform has been in early testing
since last summer with a number of users, including the
European Energy Exchange (EEX), which last month migrated the
bulk of its trading community to the new TT screen, said
Steffen Kohler, COO of EEX, said, "We are
very pleased with the new TT platform. It provides our traders
with a more powerful set of features, allowing them to engage
with the market and customize their trading strategies like
never before. TT was very responsive during our migration to
the new platform, which is now supporting hundreds of our
In a separate announcement Wednesday,
Trading Technologies has signed an agreement to
introduce connectivity to NFX, Nasdaq NLX's new energy futures
suite. Launched Wednesday at FIA, the exchange
group's US-based designated contract market (DCM) will connect
to Trading Technologies on day-one of trading through both its
new TT and X_TRADER platforms.
"It provides our traders with a more powerful set of features, allowing them to engage with the market and customize their trading strategies like never before..."
new link to NFX will give all TT customers access to Nasdaq's
markets and trade complex strategies across a range of assets,
including energy and freight derivatives, European interest
rate derivatives, equity and index futures and options, US
Treasury Securities and US Treasury Futures
As reported by FOW earlier this month, TT committed to
support the new Deutsche Boerse and SocGen-backed exchange,
GMEX, from its launch in the coming months.
GMEX chief executive, Hirander Misra, said
at the time, "The involvement of TT is a big step for us.
Having TT on-board unlocks a lot of the world’s
largest general clearing members and their clients. There are
other futures trading vendors out there but TT is the dominant
Last month Trading Technologies said that
it was in talks with clients about the
possibility of launching a new service that will simplify
trading on the numerous swap trading venues that have
proliferated in the US over the past two years.
Drew Shields, the director of product
development at TT, said the firm is eyeing this opportunity.
"We are still listening to clients to determine where and when
to engage with Sefs. When the time comes, we would expect to
leverage the same aggregation technology we are building for
cash and futures markets for swaps as well."