Chicago-based technology provider Trading Technologies (TT) has signed an agreement with Applied Derivatives which becomes the first broker to distribute its TT platform in South Africa. Applied Derivatives is providing international TT clients with access to the Johannesburg Stock Exchange (JSE) for the trading of all equity and currency derivatives, including futures and options.
Trading Technologies International (TT) plans to extend its reach in South Africa after establishing connectivity to its platform there through a partnership with Applied Derivatives. The Cape Town-based broker, a member of the Johannesburg Stock Exchange (JSE), is the first to distribute the Chicago tech firm’s platform from South Africa.
Chicago-based Trading Technologies International, a global provider of trading solutions, today announced in a joint statement with Applied Derivatives PTY LTD a new partnership to distribute its flagship TT trading platform in South Africa.
Chicago-based trading software vendor Trading Technologies (TT) is preparing to launch its new desktop integrated order management system (OMS) in September, featuring a range of new order handling tools and techniques for brokers that differentiate it from the vendor’s existing execution management system (EMS).
Trading Technologies (TT) is gearing up for the launch of its Order Management System (OMS) solution in September with the recent sign-ups of TP ICAP and BGC Partners, marking a milestone in the Chicago tech firm’s evolution. Michael Kraines (pictured), president and chief financial officer, said the launch underlines TT’s transformation from an execution management software (EMS) vendor to a provider of integrated order and execution management system (OEMS) functionality. “This is a milestone for TT because of course we were mostly known as being an EMS company,” Kraines told Global Investor. “We’ve essentially changed that and we are now a full platform company for EMS and OMS, data and infrastructure.”