03.13.2013

Trading Technologies to Provide Connectivity to GovEx

03.13.2013

BOCA RATON and CHICAGO, March 13, 2013 – Trading Technologies International, Inc. (TT) today announced that TT will introduce connectivity to GovEx, a trading platform for U.S. Treasury securities, in the first half of 2013. Providing a centrally cleared, high-performance platform, GovEx offers anonymity and diverse liquidity for those seeking access to U.S. Treasury securities, including highly-liquid on-the-run, when-issued and first-available off-the-run U.S. Treasury bills, notes and bonds. TT is a global provider of award-winning, high-performance derivatives trading software.

TT CEO Harris Brumfield commented, “We are very pleased to offer connectivity to GovEx. We are confident TT end users will benefit from their deep markets and leverage X_TRADER®’s suite of automated low-latency tools for lightning-fast execution.”

The new link to GovEx will give TT clients the ability to trade complex strategies across a range of U.S. Treasury securities and U.S. Treasury futures products. Clients using TT’s Autospreader® spreading tool will have the option to execute intra-exchange and cross-market spreads 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 GovEx connection, TT will provide access to more than three-dozen markets. TT will introduce support for GovEx and Eris Exchange concurrently, and both markets will be available through a single Eris/GovEx Gateway. The GovEx platform is part of State Street’s eExchange offering, which delivers advanced trading solutions for foreign exchange, futures, U.S. Treasuries, and the subscription and redemption of money market funds and exchange traded funds.

Customers will be able to trade GovEx and Eris Exchange through TT’s X_TRADER and other products, including the TT API and FIX Adapter API solutions. X_TRADER version 7.11, which was released last year, was recently named “Best New Product from a Technology Firm for Trading and Execution” by FOW Magazine, “Best Commodities Trading Platform” at the prestigious Buy-Side Technology Awards and “Best New Technology Product” at the Markets Media Market’s Choice Awards. A key X_TRADER enhancement introduced with version 7.11 was the integration of ADL™, TT’s visual algorithmic programming platform. With ADL, clients use drag-and-drop building blocks to rapidly design, test and deploy automated futures and options trading programs without writing a single line of code. TT is currently distributing X_TRADER version 7.12.

About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world’s premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company’s X_TRADER software and related services provide direct access to dozens 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. TTNET customers have the option of utilizing TT’s MultiBroker ASP solution, which allows traders to route orders to multiple brokers from a single X_TRADER screen or API through a single DMA network. Headquartered in Chicago with 12 offices globally, TT has received “best in class” awards from numerous independent third parties including Buy-Side Technology, FOW, The Technical Analyst, Markets Media and Chicago magazines as well as the Illinois Technology Association (ITA

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