Trading Technologies debuts software-as-a-service platform
12 March 2014 | 2001 views | 0
Source: Trading Technologies
Trading Technologies International, Inc. (TT), the independent provider of high-performance trading software to a wide spectrum of end users, unveiled its new software-as-a-service trading platform, which TT is calling Nextrader, and new brand identity at a press event at the 39th Annual International Futures Industry Conference.
The new platform will offer all of the best features of TT's industry-leading X_TRADER® platform but on a dramatically faster and more scalable architecture. TT expects to make it commercially available in the second half of 2014 but will continue to provide outstanding support for the existing X_TRADER platform as users migrate to the new product over time.
TT's new platform is uniquely flexible in that the low-latency computing infrastructure will remain at exchange colocated servers, while a cloud-based infrastructure will allow for greater accessibility and near-limitless computational capacity for users to analyze their trading activity in a fully-encrypted, secure manner.
Also, for the first time, TT customers will not be tethered to a desktop. Nextrader provides a go-anywhere trading experience by bringing the most powerful aspects of the platform, including the ability to monitor markets and manage orders and automated trading strategies, to an experience optimized for mobile devices. And like TT's MultiBroker service introduced in 2013, Nextrader offers end users the ability to strategically shift which FCM clears an order.
Rick Lane, TT CEO, Nextrader visionary and principal architect, offered, "TT is at its best when it's building for what's next. And we think the significant changes to the underlying architecture of this platform, combined with its accessibility, will put TT users in a commanding position to continue achieving their trading objectives today and tomorrow."
Stefani Sandow, TT Product Manager, explained, "We are really excited to move forward with this platform for several reasons, perhaps the biggest being that the new open architecture on which it sits will significantly reduce the software development timeline going forward. This allows us the freedom to iterate quickly, innovate often, and remain nimble as our customers' needs change."
TT also unveiled a new visual brand identity, one that was informed by qualitative and quantitative research, including a survey of TT's users and other traders. The brand identity is emblematic of TT's ambition to deliver a world-class end-user experience and operate as an agile, forward-thinking trading technology innovator.