Trading Technologies Sees Increased Adoption of Cloud-Based Platform, Sets Sights on New Coverage Areas
10 percent of TT’s user base is now live on the cloud-based platform as the vendor preps new functionality and asset-class coverage.
Two years ago, Trading Technologies launched it’s cloud-based, software-as-a-service (SaaS) delivered TT trading platform to be the eventual successor to its X_Trader platform, which is more than 20 years old.
The first 18 months saw minimal adoption of the new offering, but Rick Lane, TT’s CEO, says the vendor's client base is finally starting to sign up. Speaking with Waters at this year’s FIA Boca conference, Lane says user adoption has jumped from 1 percent six months ago to 10 percent
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