Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, and Quantitative Brokers, a leading provider of fixed income and futures algorithms, today announced TT will provide access to Quantitative Brokers' best execution algorithms from the next-generation TT platform. In addition, TT is planning to add support for other broker algorithms.
TT users will be able to access Quantitative Brokers' fixed income and futures algos alongside Trading Technologies' existing synthetic order types and deploy them all from a single desktop, web or mobile interface.
QB has established a leadership position in the provision of agency algorithms to major dealers, asset managers, hedge funds and other financial institutions. As an independent agency broker, QB offers four different strategies to deliver on the best execution needs of its clients.
"Our customers are excited about the ability to gain access to Quantitative Brokers' suite of industry-leading execution algorithms through the TT platform, and we're excited to launch our new algo framework and welcome QB as our first partner. By integrating with third-party algo providers like QB, we can extend the range of execution choices available to every TT user," said Rick Lane, CEO of Trading Technologies.
"This is a partnership of strength," said Christian Hauff, CEO of Quantitative Brokers. "The collaboration of these two industry leaders brings clients unparalleled access to the future of electronic trading. In a world in which performance is measured in basis points, this alliance delivers significant competitive advantages."
The addition of Quantitative Brokers' execution algorithms will strengthen Trading Technologies' existing fixed income offering. The X_TRADER® platform already includes the ability to trade in yield along with connectivity to leading fixed income trading venues, including BrokerTec and NASDAQ eSpeed. The new TT platform will offer the same functionality and market access along with a link to KCG Fixed Income, which is in development.
The Quantitative Brokers functionality is in beta testing and scheduled to roll out to TT users later this year. Customers seeking additional information should contact their local TT sales representative.