TT reports Daiwa, BNP Paribas deals

TT reports Daiwa, BNP Paribas deals

Chicago-based Trading Technologies says Japanese owned broker Daiwa Securities and France's BNP Paribas Commodity Futures have both acquired global licences for its dealing software.

Both Daiwa Securities SMBC Europe and Daiwa Securities America have signed a global software licensing for the TT technology.

Daiwa will use TT's ASP service, TTNET, to deliver the vendor's X_Trader system to its internal desks and customers trading derivatives, cash fixed income and energy in Europe, the Americas and Asia, with a special focus on Tokyo.

The hosted service accelerates customer access to international futures markets and increases trading platform stability through data centres situated in strategic locations close to the various exchanges, says the vendor.

TT says BNP Paribas Commodity Futures will also utilise TTNET to deliver X_Trader across its major energy trading hubs in Houston, New York, London and Singapore.

Customers trading energy cash and futures, as well as other derivative products, will have access to TT's full suite of technology products including the vendor's FIX API and high-speed exchange gateways.

Louis Caiafa, MD at BNP Paribas Commodity Futures, says it signed for the TT platform following requestes from major energy and institutional clients for a high performance trading platform.

"We chose to deploy via TTNET because it provides the scalable and full-failover solution that our customers require," adds Caiafa.

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