Goldman Sachs and Trading Technologies Enter into Global Software and TTNET™ Distribution Agreement
LONDON and CHICAGO, June 25, 2013 – Trading Technologies International, Inc. (TT) today announced that it has extended its existing software license agreement with Goldman Sachs. Under the new agreement, Goldman Sachs has added TTNET to its suite of futures trading systems offered to the firm’s institutional clients. Goldman Sachs will utilize TT’s full suite of trading products including X_TRADER®, TT API, FIX API and TT’s visual programming platform, ADL™, through TTNET’s proximity hosted architecture. Implementation in Chicago is complete and will expand into Europe and Asia throughout 2013.
TTNET accelerates customer access to international futures markets and increases trading platform stability through its high-performance, redundant data centers. TTNET enables firms to minimize latency by executing orders through high-speed exchange gateways and execution servers that are proximity hosted or co-located with the exchange matching engines. TTNET presently operates data centers in Chicago, New Jersey, London, Frankfurt, Tokyo, Singapore, Sydney and São Paulo.
“We are pleased to expand our relationship with Trading Technologies and add TTNET to further expand our market leading futures execution and clearing offering to clients,” said Jack McCabe, Managing Director and co-head of the Global Futures and Derivatives Clearing business at Goldman Sachs.
Harris Brumfield, CEO of TT, said, “We are very happy to be growing our relationship with Goldman Sachs. We look forward to working closely together as they distribute our X_TRADER software to their global institutional clients through TTNET.”
About Trading Technologies @Trading_Tech
Trading Technologies (www.tradingtechnologies.com/), headquartered in Chicago, develops high performance trading software for derivatives professionals, including proprietary traders, brokers, money managers, CTAs, hedge funds and commercial hedgers. The company’s X_TRADER software and related services provide direct access to 37 of the major international derivatives exchanges. TTNET™, TT’s fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, São Paulo, London, Frankfurt, Singapore, Tokyo and Sydney.