BTG Pactual and Trading Technologies enter into global software and TTNet distribution agreement
02 February 2011 | 3638 views | 0
Source: Trading Technologies
BTG Pactual, Latin America's largest independent investment bank, and Trading Technologies International, Inc. (TT), a leading provider of order-entry software and solutions for professional derivatives traders, today announced that BTG Pactual has selected TT's low-latency, high-performance fully managed hosting solution, TTNET, to provide access to BM&FBOVESPA for domestic and international institutional clients.
BTG Pactual is the first Brazil-based firm to select TTNET in anticipation of the launch of BM&FBOVESPA's new matching engine. BTG Pactual will leverage TT's suite of order-entry software and server-based execution tools through TTNET's proximity hosted architecture. TT's BM&FBOVESPA gateways and server-side engines will be colocated with the exchange's matching engine to provide the optimal north-to-south and south-to-north trading experience.
Leandro Torres, Managing Partner BTG Pactual, said, "We are committed to providing our institutional clients with the highest level of service and support. Partnering with TT enables BTG Pactual to leverage TTNET's resiliency, speed and global reach to provide our clients the fastest and most reliable trading solution."
TTNET accelerates customer access to international futures markets and increases trading platform stability through its high-performance, redundant data centers. TTNET's proximity hosted architecture enables firms to minimize latency by hosting TT's high-speed exchange gateways and server-based execution tools as close to the exchange matching engines as possible. TTNET currently operates data centers in Chicago, New Jersey, London, Frankfurt, Tokyo, Singapore and Sydney. The opening of TT's Sao Paulo data center will coincide with the launch of BM&FBOVESPA's new matching engine, currently scheduled for Spring 2011.
TT's Strategy Engine (SE) family of server-based execution products harnesses proximity-based computing and delivers optimal performance, speed and resiliency to traders regardless of where they are located. Orders placed through an SE application are executed on a server located in close proximity to the exchange matching engine. Simply put, TT's server-based SE execution platform enables traders to trade from virtually anywhere in the world without experiencing the latency typically associated with remote trading. TT's SE family currently includes two products, the Autospreader® Strategy Engine and the Synthetic Strategy Engine. Additional SE products will be released in 2011.
Harris Brumfield, CEO of Trading Technologies, said, "We are excited to have BTG Pactual as our first Brazil-based TTNET client. Brazil is an important part of our global strategy and we look forward to working closely with BTG Pactual to distribute TT's X_TRADER® order-entry software and API solutions to their institutional client base."