TT signs UOBBF and Macquarie

Source: Trading Technologies International

Trading Technologies International, Inc. (TT) and UOB Bullion and Futures (UOBBF) today announced that UOBBF has selected TT's low-latency, high-performance, fully managed hosting solution, TTNET, for its global exchange traded derivatives business.

TTNET gives customers faster access to global futures markets and increases trading platform stability through its high-performance, resilient data centers. TTNET also enables firms to minimize trading delays by hosting and executing all trading orders through high-speed servers that have direct links to global derivatives exchange.

Harris Brumfield, CEO of Trading Technologies, said, "We are very pleased to welcome UOBBF to TTNET. We look forward to working closely with them as they expand their business globally."

Robbie McDonnell, VP/Managing Director Asia/Pacific Sales for TT said, "We are thrilled to be working with UOBBF as they extend their reach on the global stage through our TTNET hosting service. As more regional financial institutions look to grow their presence in the international markets, and regional exchanges continue to internationalize their offerings, we expect record Asia/Pac growth for TT 2012."

Matthew Png, executive director and head of UOBBF, said, "We are dedicated to providing our customers with only the best solutions in the market. Our new hosting solution and services gives our customers fast and cost-efficient access to global futures markets."

With data centers in Chicago, New Jersey, São Paulo, London, Frankfurt, Tokyo, Sydney and Singapore, TTNET will give Singapore-based UOBBF's clients direct access to the global futures/derivatives markets through TT's X_TRADER order-entry software.

In addition, TTNET has already equipped UOBBF traders with X_TRADER and all of its components including Autospreader, Autotrader and the new ADL (Algo Design Lab). ADL is a revolutionary visual programming platform that allows traders and programmers to design, test and deploy custom automated trading programs without writing a single line of code. This will allow UOBBF to provide its clients with trading programs customized to their business needs

UOBBF will access TT's suite of Strategy Engine (SE) server-based algorithmic execution solutions through TTNET's proximity hosted architecture. The SE execution servers enable traders to trade from anywhere in the world without experiencing the delays typically associated with remote trading. TT's SE family currently includes Autospreader Strategy Engine, Synthetic Strategy Engine and Algo Strategy Engine. 

Separately, Trading Technologies International, Inc. (TT), a leading provider of order-entry software and solutions for professional derivatives traders, and Macquarie Bank Limited's Futures Division (Macquarie), a global provider of futures execution, clearing and financing solutions, today announced that Macquarie has selected TT's low-latency, fully managed hosting solution. TTNET will provide access to the global derivatives markets for institutional clients and internal execution desks. Macquarie will leverage TT's full suite of order-entry software and server-based algorithmic execution tools, including the ADL (Algo Design Lab) visual programming platform for algorithmic strategy creation, through TTNET's proximity hosted architecture.

TTNET accelerates customer access to geographically diverse international futures markets and increases trading platform stability through its high-performance, resilient data centers. TTNET's architecture enables firms to minimize latency by hosting TT's high-speed exchange gateways and server-based execution tools. TTNET operates data centers in Chicago, New Jersey, São Paulo, London, Frankfurt, Tokyo, Singapore and Sydney.

Harris Brumfield, CEO of Trading Technologies, said, "We are very pleased to be expanding our relationship with Macquarie on a global level. We believe our high-performance hosting and software solutions will be instrumental in helping Macquarie aggressively pursue new growth opportunities in the U.S., Europe and Asia as well as in their native Australia."

Macquarie Global Head of Futures Bill Marynissen said the appointment of TT was prompted by growth in Macquarie's worldwide 24-hour futures business. "The technology will be initially rolled out in the U.S., and is expected to be followed by implementation in London, Asia and Australia," he said. 

Comments: (0)

Visit worldpaymentsreport.com
Featured job
All Jobs »
London, UK

Sales Director, Private Equity Solutions (London, UK)

Competitive base, double ote, benefits, stock options

22 Jul