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FOR IMMEDIATE RELEASE

Trading Technologies Announces Launch of Connectivity to London Metal Exchange

 

CHICAGO and LONDON, September 9, 2009 — Trading Technologies International, Inc. (TT) and London Metal Exchange (LME) announced that TT has connected its X_TRADER® derivatives trading platform to LME, the world’s oldest and largest non-ferrous metals market.

TT's LME gateway provides access to futures and carries on non-ferrous metal products, including LMEminis for copper, aluminum and zinc as well as standard contracts for aluminum, copper, nickel, tin, zinc, lead and a six-metal index contract, plus the world's first futures contracts for plastics in polypropylene and linear low-density polyethylene. TT's X_TRADER customers also have the opportunity to use TT's advanced spreading capabilities to spread the LME products against contracts listed on a number of other TT-supported exchanges. TT provides connectivity to 25 markets in North America, Europe, the Middle East and the Asia/Pacific region.

"We are very pleased to launch this connection to London Metal Exchange. The new LME gateway further extends TT's global offerings by providing TT's customers with access to one of the world’s largest markets for trading metals futures and options," said Harris Brumfield, TT CEO.

Added Martin Abbott, LME CEO, "We are delighted to add TT as an approved independent software vendor. This will further increase the accessibility for users to trade LME non-ferrous metals, steel billet, plastics and minor metals futures contracts on LMEselect."

Firms can host their LME trading gateways internally or connect to LME via TTNET™, TT’s fully managed hosting solution. Connections through TTNET deliver optimal access, speed and reliability plus 24/7 end-to-end network monitoring and maintenance. The LME TTNET gateways are located close to the exchange in TT's London hub. Other TTNET hubs are positioned in Chicago, New Jersey, Frankfurt, Singapore and Tokyo. The regional co-location of TTNET data centers in key financial centers enhances a trader’s edge via maximum speed advantages for prices and orders from and to each exchange.

About London Metal Exchange
The London Metal Exchange (www.lme.com) is the world's premier base metals market. It offers metals price risk management tools including futures and options contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium alloy and NASAAC, steel billet, plastics and soon cobalt and molybdenum. Last year, the total notional value of contracts on the LME was $10.24trillion and the Exchange currently has 5.13m tonnes of metals on warrant in 516 warehouses across 38 locations globally.

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, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago with 11 offices globally, TT has received "best in class" awards from numerous independent third parties including FOW, Buy-Side Technology, The Technical Analyst and Chicago magazines as well as the Illinois Information Technology Association (ITA).

Contacts:

FOR LME:
Stephen White
LME
+44 (0)20 7264 1701
Stephen.White@lme.com

FOR TT
Ray Carmichael
Vivid Ascent
312.346.2002
ray@vividascent.com


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