All posts by Trading Technologies

More Awards, Exchanges and Brokers: A TT Update from the Asia/Pac Region

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TT accepts the award for Trading System of the Year, Buy-Side from FOW's Will Mitting (R) at the FOW Awards for Asia in Singapore.

It’s no secret that the futures industry has been expanding in the Asia/Pacific region recently. In fact, two of our most recent Trade Talk posts have touched on that very subject: Wedbush Futures’ Carl Gilmore discussed the rising Asian participation in the financial markets, and UOBBF CEO Matthew Png gave us a wide-ranging update on the futures industry in the region. As TT’s managing director for Singapore and Hong Kong, I wanted to provide a TT-specific update on some of the new developments in the region.

A few weeks ago, we made three exciting announcements relevant to Asia/Pacific. Two of them were with regard to new brokers joining our award-winning X_TRADER® ASP solution, formerly known as MultiBroker. Both China Merchant Securities (CMS) Hong Kong and RHB Securities Singapore signed on, boosting the platform’s number of sell-side participants to over 50 and adding local expertise in key Asian markets.

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From Bunkers to Brews: Getting to Know Wedbush Futures

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The Chicago summer is in the back nine, but golf season is still in full swing. After all the strokes were tallied at the Trading Technologies golf outing at Chicago’s own Ridgemoor Country Club, I had the privilege of sitting down over a pint at the 19th hole with industry veteran Carl Gilmore, co-head of futures for Wedbush Futures.

We had a lot to discuss as the futures division of Wedbush is not quite a year old and recently made the new TT trading platform available to their clients. And while we debated the likes of Rory McIlroy or Jordan Spieth and forecasted the future of Tiger, we also talked a little business and exchanged perspectives on the markets.

I summarized our conversation for this blog post. It’s a great opportunity for Trade Talk readers to learn a bit more about Wedbush Futures, garner insights about the current low interest rate environment and understand why Wedbush chose to be an early adopter of our new platform.

TT’s Robbie McDonnell (L) with Wedbush’s Carl Gilmore (R) at the recent Trading Technologies golf outing.

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Speaking In Code Part 4: Jessica Duggins on Automated Testing, the Impact of Electronic Trading and Tales from the Pits

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Jessica Duggins
Jessica Duggins (left), Director of Software Quality Engineering (SQE).

Welcome back to the final installment in our summer series on women in tech, “Speaking in Code.” If you haven’t been following, check out the series introduction, our first Q&A with engineering manager Diana Dumitru and our second Q&A with software engineer Allison Schwarz.

Today we are profiling TT’s Jessica Duggins. Jessica began her career in the Chicago Board Options Exchange (CBOE) pit in the late 1990s after graduating from the University of Illinois at Chicago (UIC) with a degree in philosophy. As the trading industry grew more technical, so did her skills, and she joined TT in 2005 as an associate level tester. She has since worked her way through the test engineering department and now serves as the director.

What do you enjoy most about your job as Director of Software Quality Engineering (SQE)?

Jessica: I especially enjoy the managerial and team aspect of working with my SQE group, interfacing with the developers and figuring out how to solve problems. Software testing is a unique position. Traditional engineers tend to get the spotlight and the glory, but we’re their right-hand men and women. We have to take what they do, think about all the ways it can go wrong end-to-end, anticipate those things, test those things, debug issues and help solve problems.

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Speaking In Code Part 3: Allison Schwarz on Overcoming Doubts as a Woman in Technology

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Today we’re continuing our summer blog series, “Speaking in Code,” which profiles some of the women here at Trading Technologies, focusing on the challenges and opportunities they’ve experienced in their careers in fintech. If you haven’t been following, I encourage you to read the introduction and the first spotlight featuring Diana Dumitru.

Our second profile features software engineer Allison Schwarz, who has been at Trading Technologies since May 2006. Allison joined TT right after graduating from the University of Illinois with a degree in Computer Science and began her career writing tools in software quality engineering (SQE). She has worked on a variety of teams in her nine years at TT and is currently serving as a mobile developer.

Software engineer Allison Schwarz
Software engineer Allison Schwarz has been with Trading Technologies since graduating from college in 2006.

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GMEX’s CMF: A Novel Interest Rate Product

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It’s been just over one week since Global Markets Exchange (GMEX) debuted. Connectivity was available at launch through X_TRADER®, and in fact the first trade on GMEX was executed between two X_TRADER users. We’re planning to offer access through the next-generation TT platform later this year.

GMEX has launched Euro-denominated IRS constant maturity futures (CMF) in response to demand from end users. These demands arose from changes in the European derivatives markets that were introduced under the European Markets and Infrastructure Regulation (EMIR) and the European Commission’s review of the MiFID II. These futures, positioned as alternatives to OTC interest rate swaps, allow end users to benefit from the capital and margin efficiencies of futures, which are more favorable than the higher margin requirements for cleared swaps.
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