11.06.2013

Trading Technologies to Establish Connection to NASDAQ OMX eSpeed

11.06.2013

Software provider’s link to eSpeed electronic trading platform will provide fixed income markets with improved price discovery and deeper liquidity

CHICAGO and NEW YORK, November 6, 2013 – Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, and NASDAQ OMX today announced that TT will introduce connectivity to NASDAQ OMX eSpeed in the first quarter of 2014. The eSpeed platform operates a fully executable central limit order book for electronic trading in benchmark U.S. Treasuries, one of the world’s largest and most liquid fixed-income cash markets.

The TT connection to eSpeed will provide the trading community with a consolidated point of access for the vast majority of fixed income markets, improving price discovery and providing deeper liquidity. The new link to eSpeed will give all TT customers across the globe ease of use to tap eSpeed’s liquidity pool and trade complex strategies across a range of U.S. Treasury securities and U.S. Treasury futures products.

“We are very excited to announce our plans to connect to eSpeed. This greatly amplifies our fixed income offering and we look forward to working closely with eSpeed to grow our mutual customer base,” said Mike Burns, EVP of Business Development with TT.

TT customers will be able to enter and manage trades on eSpeed using TT’s full suite of products, including the recently released X_TRADER® 7.17, the ADL® visual programming platform for automated trading, and the TT API and FIX Adapter API solutions. In addition, customers using TT’s Autospreader® tool will be able to execute Treasury basis trades through TT’s Strategy Engine (SE) execution servers, which minimize execution latency via proximity-based computing and co-location. The SE line includes highly scalable, high-performance products for algorithmic, synthetic and spread trading.

With the eSpeed connection, TT will provide access to all major U.S. Treasury and Treasury futures markets. Along with TT’s recently announced plans to provide access to the NASDAQ OMX Nordic market and NASDAQ OMX NLX, this brings the total number of markets available through TT to 39.

Firms will access eSpeed through internally hosted gateways or TT’s TTNET™ global hosting solution. eSpeed access also will be available to qualified customers through TT’s MultiBroker offering, which was recently named “Best New Product, Connectivity” at the FOW Asia Awards.

“Our connection to Trading Technologies is part of an ongoing effort to enhance the trader experience with tools and services they want,” said Eric Noll, Executive Vice President of Transaction Services at NASDAQ OMX. “Our deep relationship with Trading Technologies will significantly expand the opportunity set for the fixed income community across the globe.”

NASDAQ OMX announced the completion of its eSpeed acquisition on July 1, 2013 as the exchange group began to operate the over-the-counter trading platform for benchmark U.S. Treasuries, one of the largest markets in the world with over $500 billion in daily trading volume. The addition of the eSpeed to the NASDAQ OMX Transaction Services business provides market participants an opportunity to navigate the benchmark U.S. Treasuries market with services for the full life-cycle of global fixed income trading. In order to meet customer demand, NASDAQ OMX Transaction Services continues to develop all areas of its global fixed income operations including the NLX platform for European interest rate futures, strategic ownership of Nordic clearing houses and its U.S. derivatives marketplaces for listing fixed income products.

About Trading Technologies
Trading Technologies (www.tradingtechnologies.com and @Trading_Tech), headquartered in Chicago, develops high-performance trading software for proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and other professional traders. The company’s X_TRADER software and related services provide direct access to 39 of the major international exchanges and liquidity platforms. 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.

About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade – from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX’s Algo Test Facility and NASDAQ OMX’s other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to factors detailed in NASDAQ OMX’s annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

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