CHICAGO and LONDON, November 12, 2014 – Trading Technologies International, Inc. (TT), a provider of high-performance professional trading software, was named “Best Buy-Side Commodities Trading Platform” at Waters Technology’s Buy-Side Technology Awards luncheon in London last Friday.
TT’s MulitBroker solution, launched in July of last year, has been a key factor in the company’s success with the buy side. MultiBroker provides direct market access (DMA) via multiple brokers from a single connection to TT’s TTNET™ global hosting solution, helping buy-side firms diversify their market access and execution risk. As a group, the 30+ brokers on MultiBroker represent 80-90% of all customer segregated assets reported to the U.S. Commodity Futures Trading Commission (CFTC), and they include 20 of the top 25 futures commission merchants (FCMs) by customer segregated assets as compiled by the Futures Industry Association (FIA). Overall, TT provides users access to more than 10,000 products—over 2,500 of which are commodity products—from 40 major exchanges and liquidity platforms.
Victor Anderson, editor-in-chief of Waters Technology, offered, “TT continues to deliver outstanding innovations for the buy side. MultiBroker for the buy side is a brilliant risk mitigation tool and has proven an extremely popular addition to TT’s existing flagship offering, X_TRADER®. Its impressive acceptance from the buy side helped TT win its sixth award in eight years in what has become a very competitive category in the annual BST Awards.”
“We are delighted that Waters Technology has selected us as the top buy-side commodities trading platform,” said Trading Technologies CEO Rick Lane. “MultiBroker represents TT’s initial foray into the application service provider space, and the buy-side customer response in our first year of operation has exceeded our highest expectations.”
Trading Technologies is building its next-generation software-as-a-service (SaaS) platform, simply called TT. The new platform is currently being rolled out to early-stage users and will be available for broad commercial distribution in early 2015.
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com, @Trading_Tech) develops and delivers professional trading software for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers and risk managers. TT provides access to 40 major international exchanges and liquidity platforms. Its recently unveiled next-generation trading ecosystem, simply called TT, uses the software-as-a-service (SaaS) delivery model to give users a fast, reliable, mobile solution that represents what’s next in the world of trading and technology.