Trading Technologies (TT), a derivatives solutions provider, has announced the release of TT API, an application programming interface enabling scalable trading applications on TT's larger X-Trader Pro platform.
The Chicago-based firm says the new API will provide low latency and better throughput than traditional interfaces. The interface provides support for multi-threaded development, including applications that are deployed through co-location. Meanwhile, complex synthetic orders managed on TT's Strategy Engine servers will be submittable via the API as simple orders.
"TT API is a welcome addition to the TT platform, offering developers the means of writing faster and more scalable trading applications. We concluded a successful beta test that involved more than a dozen firms in the U.S., Europe and Asia. After being put through its paces in a multitude of markets and conditions, it is now ready for general availability worldwide," says Tom Haldes, senior product manager with TT.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails