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Today, as we celebrate 20 years of building trading software for our customers, I thought it was worth a look back at how the industry, and subsequently TT, has evolved over the past two decades and take a look at what’s ahead for our customers and TT.
On this date 20 years ago, we were founded in Frankfurt, Germany when nearly all trading on futures markets was conducted via open outcry. Access was extremely limited, and the ability for people to realize the benefits of listed futures, namely accurate price discovery and risk management, was limited to a select few.
When TT made Chicago its home a few years later, the floors of the Chicago Board of Trade and Chicago Mercantile Exchange roared. But as the trading community got comfortable with the concept of electronic trading, volume began to gradually migrate to the screen. A product we released in those early days, MD Trader®, had a huge impact because it was a radically different way to interface with the electronic market. It gave traders the ability to see and interact with the market with a level of confidence they hadn’t seen before and, in many ways, went hand-in-hand with the dramatic migration of volume to “the screens.”
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Tags: Algos & Spread Trading, Trade Execution, TT CampusConnect
