TT to connect to LSE derivatives market; integrates Ullink OMS

Source: Trading Technologies International

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, today announced that TT will introduce connectivity to London Stock Exchange Group (LSEG) Derivatives Market in early 2014.

With the new link, TT clients will have the option to view and trade products across all LSEG Derivatives Markets from a single gateway:

  • IDEM, the derivatives market of Borsa Italiana, provides access to Italian index and single stock futures and options, as well as energy and agricultural derivatives.
  • London Stock Exchange Derivatives Market provides access to UK, Russian DRs, index and single stock futures and options. This market also provides for a linked order book with Oslo Børs.

"This partnership will further strengthen LSEG Derivatives Market's growth, providing easy access to TT clients for IDEM and London Stock Exchange Derivatives Market," said Nicolas Bertrand, Head of Equity and Derivatives Markets at London Stock Exchange Group. "TT's customers will be able to diversify their strategies by accessing products like the FTSE MIB Index Futures, the fastest growing equity index futures in Europe this year, and the FTSE UK Super Liquid Index Futures, the recently launched contract on UK blue chips available on London Stock Exchange Derivatives Market."

"This new connection to LSEG Derivatives Market will give our clients access to two key European derivatives markets. Based on initial client feedback, we expect the gateway will be very well received," said Harris Brumfield, TT's CEO.

With the new LSEG connection, TT clients will be able to trade pan-European strategies using any TT product, including X_TRADER 7.17, the ADL visual programming platform for automated trading, and the TT API and FIX Adapter API solutions. In addition, clients will have the ability to spread LSEG instruments against contracts listed on other TT-supported exchanges across North and South America, Europe, the Middle East, Asia and Australia with TT's Autospreader tool.

The LSEG connection will expand TT's reach to 42 markets and trading platforms, including most major European derivatives exchanges. Access to IDEM and London Stock Exchange Derivatives Market will be available through a single gateway.

Firms will be able to access LSEG Derivatives Market through internally hosted gateways or through TT's TTNET global hosting solution. LSEG access also will be supported by TT's award-winning MultiBroker offering. 

Separately, Trading Technologies International, Inc. (TT) and Ullink, global providers of market leading connectivity and trading solutions for the financial community, today announced they have partnered to integrate Ullink's order management system (OMS) with TT's execution management system (EMS) software and application programming interface (API) solutions.

The result will allow clients to leverage Ullink's full suite of order management functionality, including UL BRIDGE and UL TRADER, with TT's X_TRADER, FIX Adapter API, TT API and X_TRADER API without requiring customized development.

Laurent Useldinger, CEO of Ullink, said, "I am pleased to announce the partnership between our two companies, which enables our mutual clients to benefit from our market-leading technologies. This integration will streamline the trading experience while significantly reducing the amount of resources our clients need to support a robust EMS/OMS solution."

Tim Geannopulos, EVP of Global Sales, TT, said, "The current regulatory environment is putting pressure on our clients to implement tighter straight-through-processing controls. This partnership with Ullink allows us to immediately deliver a very robust, scalable EMS/OMS solution that allows our mutual clients to tightly manage trades from start to finish."

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