JP Morgan and Trading Technologies International (TT) announced today that they have entered into a global software licensing and TTNET distribution agreement in which JP Morgan will make available TT's high-speed X_Trader order-entry software to its internal trading desks and Global Futures and Options clients.
This agreement will allow J.P. Morgan to expand its leading position in electronic trading by enabling clients to access TT's X_TRADER order-entry software platform and technology solutions, including TT's FIX connectivity and high-speed exchange gateways, throughout the world. These technology solutions will be fully integrated with J.P. Morgan's existing MORCOM eXtraTrade offering, providing front-to-back full-service derivatives trading.
J.P. Morgan will leverage TT's fully managed hosting solution, TTNET, to distribute X_TRADER. TTNET accelerates customer access to international futures markets and increases trading platform stability through its fully redundant data centers situated in strategic locations close to the various exchanges. TT operates data centers in Chicago, New Jersey, London, Frankfurt, Tokyo and Singapore with plans to open additional facilities in other major derivatives exchange hubs.
Peter Johnson, J.P. Morgan's co-head of Global Futures and Options, said, "We are dedicated to providing the highest quality of service, and partnering with TT to distribute its software via TTNET enhances our world-class platform with tools and solutions that our clients have come to expect."
Harris Brumfield, CEO of Trading Technologies, said, "We look forward to expanding our relationship with J.P. Morgan and working closely to distribute X_TRADER to their growing customer base via TTNET. J.P. Morgan's global presence, established relationships within the hedge fund community and dedication to offering best-of-breed technology solutions make them an ideal partner."