Trading Technologies International (TT), the leading global provider of electronic derivatives trading software and solutions, and Icap, the world's premier interdealer broker and operator of the leading spot FX trading platform, EBS, today announced that TT will provide connectivity to EBS through its X_Trader platform in mid-2009.
TT will support trading of spot FX, precious metal and non-deliverable forward (NDF) contracts through its high-speed gateway to the EBS platform. EBS customers choosing to use the TT connectivity will have the option to host their trading gateways themselves or connect to EBS via gateways hosted through TTNETTM, TT's fully managed hosting solution. Access through TTNET delivers optimal access, speed and reliability plus 24/7 end-to-end network monitoring and maintenance.
ICAP's award-winning electronic EBS platform provides the primary market for more than 2,800 global spot FX, precious metals and NDF traders in over 50 countries around the world. It delivers anonymous, transparent, reliable and highly liquid trading opportunities, as well as authoritative real-time and historical market data.
"The foreign exchange market is the most actively traded market in the world, and we look forward to providing access to the spot FX market's primary source of liquidity, the EBS platform," said Harris Brumfield, TT CEO.
"As part of our focus on facilitating the best possible trading opportunities, we are pleased that we will soon offer access to our EBS Spot market through Trading Technologies' X_TRADER platform," said David Rutter, Global Deputy CEO of ICAP Electronic Broking. "We're happy to once again be partnering with TT, and are confident that their connectivity solutions will offer new and valuable trading opportunities for EBS trading customers."
In May 2006, ICAP's BrokerTec platform was connected to TT's platform.