TT connects X_Trader platform to FXMarketSpace

Source: Trading Technologies

Trading Technologies International (TT) today announced it will connect its X_TRADER order entry platform to FXMarketSpace, the global foreign exchange (FX) marketplace that is scheduled to launch this year as a 50/50 joint venture between Reuters and the Chicago Mercantile Exchange (CME).

TT intends to support all products that will be tradable with the initial launch, including spot transactions for six major currencies against the US dollar and four cross-currency pairs.

"We are excited to be launching connectivity to the new FXMarketSpace. Given the strong and growing interest in foreign exchange trading, particularly among institutional traders, we believe our customers will embrace the opportunity to access this new global market," said Harris Brumfield, CEO of TT.

"The goal of FXMarketSpace is to enable growth in the FX industry by broadening and deepening participation. Our strategy to achieve this goal includes partnering with leading market access providers like TT. I'm delighted that FXMarketSpace customers will be able to gain access over TT's X_TRADER platform and have been impressed at how quickly the TT team has completed connectivity. We look forward to taking this live," said Mark Robson, CEO of FXMarketSpace.

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