TT to support electronic trading on Nybot
Trading Technologies International, (TT) today announced it will support electronic trading of the New York Board of Trade’s (NYBOT’s) benchmark agricultural commodity products through its X_TRADER order-entry platform.
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TT has passed NYBOT conformance testing and plans to provide access to coincide with the launch of the NYBOT soft commodities on the IntercontinentalExchange's (ICE's) electronic trading platform. The launch is scheduled to occur on the trade date February 2, 2007.
The NYBOT Sugar #11 sm, Sugar #14 sm, Cotton No. 2 sm, Coffee "C", Cocoa and Frozen Concentrated Orange Juice products will be accessible through TT's ICE gateway. The gateway launched in 2004 and currently supports both ICE Cleared OTC and ICE Futures products. TT has hundreds of its ICE gateways installed at sites throughout the world that collectively generate significant volume at ICE.
"We are keen to be able to support trading of the NYBOT products on X_TRADER. Access to the NYBOT commodities through our ICE gateway will further expand trading and risk management opportunities for our customers, who include the producers and consumers of these products as well as liquidity providers," said Harris Brumfield, CEO of TT.