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Goldman Sachs extends TT software licensing deal

25 June 2013  |  1152 views  |  0 Source: Trading Technologies International

Trading Technologies International, Inc. (TT) today announced that it has extended its existing software license agreement with Goldman Sachs.

Under the new agreement, Goldman Sachs has added TTNET to its suite of futures trading systems offered to the firm's institutional clients. Goldman Sachs will utilize TT's full suite of trading products including X_TRADER, TT API, FIX API and TT's visual programming platform, ADL™, through TTNET's proximity hosted architecture. Implementation in Chicago is complete and will expand into Europe and Asia throughout 2013.

TTNET accelerates customer access to international futures markets and increases trading platform stability through its high-performance, redundant data centers. TTNET enables firms to minimize latency by executing orders through high-speed exchange gateways and execution servers that are proximity hosted or co-located with the exchange matching engines. TTNET presently operates data centers in Chicago, New Jersey, London, Frankfurt, Tokyo, Singapore, Sydney and São Paulo.

"We are pleased to expand our relationship with Trading Technologies and add TTNET to further expand our market leading futures execution and clearing offering to clients," said Jack McCabe, Managing Director and co-head of the Global Futures and Derivatives Clearing business at Goldman Sachs.

Harris Brumfield, CEO of TT, said, "We are very happy to be growing our relationship with Goldman Sachs. We look forward to working closely together as they distribute our X_TRADER software to their global institutional clients through TTNET." 

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