Buy-Side Technology Awards 2014: Best Buy-Side Commodities Trading Platform—Trading Technologies

Victor Anderson, Steve Stewart and Brian Moore.

Trading Technologies (TT) is once again at the head of the commodities class with its sixth victory in this category, after being beaten to the title by Misys last year. Chicago-based TT’s flagship offering, X_Trader, has proven its worth by pairing the sell side with the buy side, which has paved the way to its victories over the years. Last year, TT launched MultiBroker, designed to provide users with direct-market access (DMA) via multiple brokers through a single connection to TT’s TTNet global-hosting network.

“We believe that Trading Technologies offers an unrivaled combination of dependability and innovative tools. TT has been a standard in the industry for decades, and professional traders know they can rely on us—that’s important,” says Steve Stewart, TT’s managing director for Europe. “But we also continue to actively search out ways to enhance our products. Newer offerings such as our MultiBroker and order-passing solutions differentiate us from the competition and help our customers gain an edge in the market.”

Stewart adds that MultiBroker opens up new sales opportunities for the sell side and provides flexibility to buy-side clients. “By providing DMA via multiple brokers through a single connection to TT’s TTNet global hosting network, MultiBroker enables participating buy-side firms to diversify their market access and execution risk,” he says.

The MultiBroker network now has over 30 participants, with Nomura signing on at the beginning of November. Through X_Trader and MultiBroker, buy-side firms also have access to other TT tools including Autospreader, Autotrader, Algo Design Lab (ADL), and the vendor’s trading simulator, TT SIM.

TT also expanded its connectivity over the last 12 months, adding Nasdaq’s eSpeed, NLX and Nordic markets, Borsa Italiana’s IDEM, and added coverage for Hong Kong Exchanges and Clearing (HKEx) in mid-November. Stewart adds that TT has expanded its client roster by 95 over the past year.

To round out 2014, TT has released new cross-market aggregation functionality and has enhanced its yield-trading component for X_Trader. It has also released Android and iOS versions of the TT Mobile trading application for early-stage users.

TT’s flagship offering, X_Trader, is unrivalled in its ability to pair the sell side with the buy side, which has paved the way to its victories over the years.

“This recognition reminds us how important it is to continue striving to innovate,” Stewart says. “While we’re still finding ways to enhance X_Trader, we’re also in the process introducing an entirely new trading platform to market. The software-as-a-service (SaaS) platform, simply called TT, will enable our customers to view and trade the markets shifts with unprecedented speed and efficiency.”

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