CHICAGO and SAO PAULO, February 1, 2011 — BTG Pactual, Latin America’s largest independent investment bank, and Trading Technologies International, Inc. (TT), a leading provider of order-entry software and solutions for professional derivatives traders, today announced that BTG Pactual has selected TT’s low-latency, high-performance fully managed hosting solution, TTNET, to provide access to BM&FBOVESPA for domestic and international institutional clients. BTG Pactual is the first Brazil-based firm to select TTNET in anticipation of the launch of BM&FBOVESPA’s new matching engine. BTG Pactual will leverage TT’s suite of order-entry software and server-based execution tools through TTNET’s proximity hosted architecture. TT’s BM&FBOVESPA gateways and server-side engines will be colocated with the exchange’s matching engine to provide the optimal north-to-south and south-to-north trading experience.
Leandro Torres, Managing Partner BTG Pactual, said, ""We are committed to providing our institutional clients with the highest level of service and support. Partnering with TT enables BTG Pactual to leverage TTNET’s resiliency, speed and global reach to provide our clients the fastest and most reliable trading solution.""
TTNET accelerates customer access to international futures markets and increases trading platform stability through its high-performance, redundant data centers. TTNET’s proximity hosted architecture enables firms to minimize latency by hosting TT’s high-speed exchange gateways and server-based execution tools as close to the exchange matching engines as possible. TTNET currently operates data centers in Chicago, New Jersey, London, Frankfurt, Tokyo, Singapore and Sydney. The opening of TT’s Sao Paulo data center will coincide with the launch of BM&FBOVESPA’s new matching engine, currently scheduled for Spring 2011.
TT’s Strategy Engine (SE) family of server-based execution products harnesses proximity-based computing and delivers optimal performance, speed and resiliency to traders regardless of where they are located. Orders placed through an SE application are executed on a server located in close proximity to the exchange matching engine. Simply put, TT’s server-based SE execution platform enables traders to trade from virtually anywhere in the world without experiencing the latency typically associated with remote trading. TT’s SE family currently includes two products, the Autospreader® Strategy Engine and the Synthetic Strategy Engine. Additional SE products will be released in 2011.
Harris Brumfield, CEO of Trading Technologies, said, ""We are excited to have BTG Pactual as our first Brazil-based TTNET client. Brazil is an important part of our global strategy and we look forward to working closely with BTG Pactual to distribute TT’s X_TRADER® order-entry software and API solutions to their institutional client base.""
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).
About BTG Pactual
BTG Pactual is the largest independent investment bank based in emerging markets. With over 25 years of experience and renowned success in both Brazilian and international markets, the bank has offices in four continents. By combining a global view with in-depth local knowledge, BTG Pactual offers personalized solutions with first-tier services to corporate, institutional, and private customers.