Trading Technologies Bolsters ASP Platform Participation With Two Inductees

Trading Technologies International, Inc. (TT), a provider of high-performance professional trading software, has welcomed China Merchant Securities (CMS) Hong Kong and RHB Securities Singapore Pte. Ltd as participating brokers in TT's global X_TRADER ASP service, according to a TT statement.

CMS provides users with route ordering services to TT’s comprehensive global trading network via direct market access (DMA) to forty-five sovereign markets. Following the addition of CMS and RHB, the X_TRADER ASP network now boasts more than 50 sell-side participants. Additionally, more than 200 Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term firms are currently trading through X_TRADER ASP.

According to Robbie McDonnell, EVP global sales for TT in a recent statement on the induction of CMS: “We are very pleased to welcome CMS into the X_TRADER ASP community. Adding CMS, with their expertise in the Hong Kong and China markets along with a recently expanded footprint in the UK, will be a competitive advantage to us as we expand our customer base in China and the rest of Asia.”

In addition to the induction, TT has also partnered with FEX Global Pty. Limited (FEX), an Asian-based energy and commodities futures exchange, to provide the exchange’s trading participants with the company’s next-generation TT Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

TT’s platform utilizes a software-as-a-service (SaaS) delivery model and the new agreement will allow trading participants to access the FEX Global markets across multiple asset classes, including commodities and energy futures contracts.

“This agreement will enable trading access to our market from launch for our clients. The new TT platform will enable our clients to access and utilize the key benefits of TT, which features a fully integrated suite of sophisticated trading applications and high-performance trading tools through a significantly simplified infrastructure environment,” noted Tom Price, CEO of FEX Global, in a recent statement on the contracting.

TT has been highly active in 2015, launching a number of partnerships, integrations, and accords with a plethora of financial service providers. Back in June, TT partnered with Nasdaq to foster greater connectivity on Nasdaq’s European commodities operation. The accord saw Nasdaq assimilate TT’s platform to include the exchange group’s Nordic benchmark power market and German power contracts.