Source: Trading Technologies
Trading Technologies International, Inc. (TT) and the Montréal Exchange (MX) today announced that trading has commenced on MX via TT's X_TRADER order entry platform.
MX is the first exchange to connect to X_TRADER via the Financial Information eXchange (FIX) Protocol, an open-standard protocol that is widely used in the equities industry.
All X_TRADER users now have the option to trade Montréal Exchange products. The MX market is offering flagship Canadian financial derivative products such as the BAX: Three-Month Canadian Bankers' Acceptance Futures, the CGB: Ten-Year Government of Canada Bond Futures and a suite of interest rate products, index futures and spreads.
"We are very pleased to be able to offer our customers the opportunity to trade products listed on the Montréal Exchange," said Harris Brumfield, TT's CEO. "We look forward to working with Montréal Exchange to introduce the exchange and its products to our customers, and to bring the X_TRADER platform to those who are already trading MX-listed products."
"The community of X_TRADER users will gain unprecedented access to the Montréal Exchange and the Canadian financial derivatives market," said Luc Bertrand, President and Chief Executive Officer of the Montréal Exchange. "We are very pleased to be the first exchange in the world to connect to TT's platform using FIX and to provide additional high performance connectivity solutions to MX participants."
TT has already developed connections to several exchanges, including the Big Four futures exchanges. TT's trading gateways are among the fastest and most reliable in the industry, and TT will continue to support and evolve them.