Trading Technologies connects to London Metals Exchange

Source: Trading Technologies

Trading Technologies International (TT) and London Metal Exchange (LME) announced that TT has connected its X_Trader derivatives trading platform to LME, the world's oldest and largest non-ferrous metals market.

TT's LME gateway provides access to futures and carries on non-ferrous metal products, including LMEminis for copper, aluminum and zinc as well as standard contracts for aluminum, copper, nickel, tin, zinc, lead and a six-metal index contract, plus the world's first futures contracts for plastics in polypropylene and linear low-density polyethylene. TT's X_TRADER customers also have the opportunity to use TT's advanced spreading capabilities to spread the LME products against contracts listed on a number of other TT-supported exchanges. TT provides connectivity to 25 markets in North America, Europe, the Middle East and the Asia/Pacific region.

"We are very pleased to launch this connection to London Metal Exchange. The new LME gateway further extends TT's global offerings by providing TT's customers with access to one of the world's largest markets for trading metals futures and options," said Harris Brumfield, TT CEO.

Added Martin Abbott, LME CEO, "We are delighted to add TT as an approved independent software vendor. This will further increase the accessibility for users to trade LME non-ferrous metals, steel billet, plastics and minor metals futures contracts on LMEselect."

Firms can host their LME trading gateways internally or connect to LME via TTNETTM, TT's fully managed hosting solution. Connections through TTNET deliver optimal access, speed and reliability plus 24/7 end-to-end network monitoring and maintenance. The LME TTNET gateways are located close to the exchange in TT's London hub. Other TTNET hubs are positioned in Chicago, New Jersey, Frankfurt, Singapore and Tokyo. The regional co-location of TTNET data centers in key financial centers enhances a trader's edge via maximum speed advantages for prices and orders from and to each exchange.

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