Chicago-based Trading Technologies, a provider of trading front-ends with a focus on the global commodities markets, has unveiled a connection to the FEX Global exchange, an energy and commodities futures exchange and a subsidiary of Sydney-based FEX Group. According to the terms of the relationship, Trading Technologies will provide the exchange’s trading participants with access to its flagship trading platform, TT.
The TT platform, which provides high-performance market access and trade execution through the software-as-a-service (SaaS) model, will allow trading participants to access the FEX Global markets for commodity and energy futures contracts.
In other news, RHB Securities Singapore (RHB Sec) and China Merchants Securities Hong Kong have both signed contracts to use Trading Technologies' X_TRADER ASP offering. RHB Sec is now a participating broker in TT's global X_TRADER ASP service, formerly known as MultiBroker. RHB Sec clients are now able to select and route orders to RHB Sec through TT's global trading network, which provides direct market access (DMA) to 45 markets across five continents.
Similarly, China Merchants Securities Hong Kong and its affiliated companies are now also participating brokers in TT's global X_TRADER ASP service. According to Trading Technologies, with the addition of CMS, the X_TRADER ASP network now comprises more than 50 sell-side participants, including nine of the top 10 brokers by customer segregated funds. More than 200 buy-side firms are now actively trading through X_TRADER ASP, according to Trading Technologies.
TT's X_TRADER ASP platform, unveiled in 2013, has seen considerable traction in Asia over the past year, extending from Singapore's commodity and energy trading space into North Asia's derivatives trading community. The platform provides DMA via multiple brokers from a single connection to the firm's TTNET global hosting solution, allowing buy-side firms to manage and mitigate risk while retaining privacy with respect to strategies and open positions.
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails