Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, and KCG Holdings, Inc., an independent market-making and execution-only brokerage firm, today announced that TT will introduce connectivity to KCG Fixed Income in the first quarter of 2015.
KCG provides direct access to on-the-run U.S. Treasury liquidity. This marks the first time TT has offered connectivity to liquidity from a non-exchange provider.
With this new connection to KCG, TT will provide professional traders with a consolidated point of access to multiple sources of global fixed income liquidity. With the upcoming server-side Aggregator, customers will be able to consolidate the display and introduce smart order-routing logic when trading complex strategies across multiple U.S. Treasury markets.
“Connectivity to KCG will boost our offering to fixed income traders by providing them with direct access to additional liquidity generated by KCG’s market makers. We think this will be an important differentiator for us as we continue to strengthen our tool suite for the fixed income community,” said Rick Lane, CEO of Trading Technologies.
TT customers will be able to enter and manage trades on KCG from both X_TRADER and the new TT platform, which is currently available to early-stage users, using the full suite of tools including Autospreader®, Autotrader™, and the ADL® visual programming platform for algorithmic trading, as well as TT’s FIX and proprietary API solutions.
The KCG connection will complement TT’s existing connections to the major U.S. Treasury and Treasury futures markets, bringing the total number of exchanges and liquidity destinations available through X_TRADER to 40.
Samantha Coyne, head of Fixed Income Client Services for KCG, said, “We’re pleased to offer Trading Technologies’ clients access to our market making liquidity. This technology makes our one-to-one, fully accountable trading relationship very scalable and enables us to deliver high quality liquidity to TT’s diverse client base without asking them to change their workflow.”
X_TRADER users will be able to access KCG’s liquidity through internally hosted gateways or TT’s TTNET™ global hosting solution, including TT’s MultiBroker offering.