TT Connects to Nasdaq OMX eSpeed Platform
By providing connectivity to the eSpeed platform, TT will give its clients a consolidated point of access for the majority of fixed-income markets, improving price discovery and providing deeper liquidity. Customers will also be able to trade complex strategies across a range of US Treasury securities and US Treasury futures products using TT's full suite of products, including the X_Trader 7.17, the Algo Design Lab (ADL) visual programming platform for automated trading, and the TT application programming interface (API) and FIX Adapter API solutions.
"This greatly amplifies our fixed-income offering and we look forward to working closely with eSpeed to grow our mutual customer base," says Mike Burns, executive vice president of business development at TT.
TT recently announced plans to provide access to the Nasdaq OMX Nordic market and Nasdaq OMX NLX, bringing the total number of markets available through TT to 39.
Nasdaq OMX bought the eSpeed platform from interdealer broker BGC Partners for a reported $1.2 billion last April. The TT connection to eSpeed ends a dispute between the two parties, as TT filed a patent infringement lawsuit against eSpeed back in 2004 citing infringement of its two patents associated with the MD Trader module of the vendor's X_Trader trading platform.
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