Goldman Sachs expands TT licence agreement
Trading Technologies International, Inc. (TT) announced today that it has extended its existing U.S. software license agreement (SLA) to enable Goldman, Sachs & Co. to distribute TT's software to its European clients via a high speed network based in London.
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The new global initiative builds on the success of the existing U.S. arrangement and puts Goldman Sachs and TT in a strong position to provide local service for clients worldwide who wish to access the global electronic futures markets.
Harris Brumfield, TT's CEO, said, "We are extremely pleased that Goldman Sachs has chosen to expand its deployment of TT's software to customers around the world. This collaboration has produced many satisfied customers in the U.S. and we expect similar results on a global basis."
"This agreement enables our clients to trade futures globally via TT's X_TRADER platform from our London based network," said Jack McCabe, Managing Director of Goldman Sachs. "This will provide enhanced speed and reliability for traders based in Europe." Trading Technologies will complement Goldman Sachs' existing REDIPlus futures offering.