TT Introduces New Algo Framework, Adds Quantitative Brokers' Best Ex Suite

Strengthens fixed income offering.

Rick Lane, Trading Technologies

Users will be able to deploy QB algos alongside TT's existing synthetic order types, doing so from a desktop, web or mobile interface.

As an independent agency-only broker, QB's algorithms are available to major dealers, asset managers, hedge funds and other financial institutions, and offer four different strategies to deliver on the best execution needs of its clients. The partnership is the first in a planned series for TT, according to CEO Rick Lane.

"We're excited to launch our new algo framework and welcome QB as our first partner," he says. "By integrating with third-party algo providers like QB, we can extend the range of execution choices available to every TT user."

The addition will strengthen TT’s existing fixed income offering. Its X_Trader platform already includes the ability to trade in yield along with connectivity to leading fixed income trading venues, including Icap's BrokerTec and NASDAQ eSpeed. The new TT platform will offer the same functionality and market access along with a link to KCG Fixed Income, which is in development.

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