TT connects to Italian derivatives market; signs Kestrel as Edge partner

Source: Trading Technologies International

Trading Technologies International, Inc. (TT) and Borsa Italiana today announced that TT will connect its X_TRADER order-entry platform to Borsa Italiana's Italian Derivatives Market (IDEM).

TT expects to launch trading of IDEM products on the TT platform in the second half of 2006. X_TRADER users will have the option to trade IDEM products, including futures, mini futures and options on the S&P/MIB index, and futures and options on single stocks.

"The IDEM market is an important European derivatives marketplace. Many of our customers would like access to IDEM through X_TRADER, and we see opportunities for growth in this area. We are very happy to be working with Borsa Italiana on this initiative and look forward to launching our IDEM trading gateway later this year," said Harris Brumfield, TT's CEO.

"We are very pleased to welcome TT among our range of ISVs. IDEM continues to grow at a fast pace, with a 34% year-on-year average daily volume growth in the first half of 2006. We offer liquid order books in all products, representing an excellent investment opportunity for the professional, high frequency trader. We believe that TT's trading platform characteristics, particularly in terms of velocity and reliability, will enable the further penetration of the IDEM screens among the derivatives community," said Raffaele Jerusalmi, Executive Director of Borsa Italiana's markets.

TT's fast, reliable exchange connections enable trading of the world's major futures exchanges as well as energy, foreign exchange, fixed income and other instruments. All TT gateways are accessible from TT's X_TRADER order-entry software and through TT's FIX Adapter.

Separately, Trading Technologies International, Inc. (TT) today announced that Kestrel Technologies has been named a TT Edge Certified Partner.The integration involves TT's X_TRADER platform with Kestrel Technologies' Karousel Order Management System (OMS) on the buy-side and with the RAPTr Risk Management System on the sell-side. This technological partnership provides portfolio managers, hedge fund managers and fixed income trading professionals the ability to inject electronic interest rate futures executions into a real-time order management solution and receive post trade messages back in real-time.

"TT is pleased to welcome Kestrel Technologies as a TT Edge Certified Partner. The integrated solution between Kestrel and X_TRADER provides fixed income professionals with a comprehensive view of their fixed income activities. It also provides greatly enhanced risk management and execution tools in an integrated fashion across a broad range of fixed income asset classes and security types," said Alvin Tanpoco, VP of Business Development.

"The combination of Kestrel and TT is a powerful one. Kestrel’s suite of risk management and trading tools for fixed income participants becomes even more valuable when coupled with Trading Technologies' service offerings. We look forward to providing the professional trading community with our products in a combined fashion," said Bill Kingore, EVP of Sales at Kestrel Technologies.

The TT Partner Program facilitates relationships with companies worldwide to integrate TT's technology into their products. The program provides partners with development support, certification testing, sales and marketing assistance and other resources to help them create and market their products.

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