From TT's Trade Talk: Spotlight on the Buy Side

Discussion in 'Events' started by TT News, Jul 11, 2013.

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    The following article originally appeared on TT's Trade Talk blog on July 10, 2013.
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    Spotlight on the Buy Side
    by Tom Haldes, Group Product Manager, Buy-Side Technology, Trading Technologies

    I’m very excited about today’s announcement regarding the production release of the TT MultiBroker solution. The MultiBroker platform represents the fulfillment of our greatest commitment to the buy side. I wanted to dedicated this blog to that commitment in order to underscore the importance of the buy side to TT.

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    From the start, TT has focused on providing software for derivatives professionals, which include proprietary, sell-side and buy-side traders. Historically, TT’s pedigree is rooted in proprietary trading. From these origins, we gained our innate and steadfast commitment to uncompromising reliability, low latency and high throughput. And as a vendor whose direct customers are primarily banks and futures commission merchants (FCMs), TT also has catered very closely to the needs of the sell side, with products that include flexible user administration and advanced risk management capabilities. With multi-broker support, we now complete the circle by providing a broker-neutral platform for buy-side derivatives traders. Our TTNET™ hosting service spans five continents, eight data centers and more than three-dozen exchanges, and is unparalleled as a high-performance, reliable solution for trading listed derivatives.

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    Unlike some multi-broker platforms that hand off orders to third-party/sell-side execution networks, the TT MultiBroker solution is an end-to-end architecture that guarantees an order is never routed to another network. TT software routes the order from the end user to the exchange matching engine and back, regardless of which broker is handling execution. This optimizes performance and reliability, and eliminates hard-to-diagnose issues that can occur when orders are routed across network domains.

    TT’s ongoing commitment to innovation has resulted in game-changing products such as the ADL™ visual programming platform, which allows traders and quants to develop sub-millisecond algorithms on a visual canvas, test them in simulation against live market prices and route them for proximity execution to any of our global data centers—all from a single X_TRADER® workstation and without traditional and error-prone coding. The addition of multi-broker support to the TT platform takes our technology to the next level by giving end users the ultimate flexibility of choice among their execution and clearing providers.

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    In my role as head of buy-side product management at TT, I am obviously very excited about TT’s deep commitment to hedge funds, asset managers, CTAs, pension funds and corporations. Since directing the TT Connected Partner Program is one of my responsibilities, I will reinforce this commitment by expanding relationships with complementary buy-side application vendors, such as commercial order management systems, portfolio management systems and a variety of middle-office and analytical applications that are geared to buy-side traders, quants and portfolio managers. If you’re with a firm that develops such complementary offerings for the buy side, I encourage you to consider joining the Connected Partner Program. You can indicate your interest by completing the Partner Program inquiry form on our website.

    Along these lines, we’re also working on a powerful yet easy-to-use means of bridging FIX-based systems with our MultiBroker platform through a user interface designed for non-programmers. Ultimately, this will empower more buy-side firms to connect FIX-enabled systems to TT’s trading platform with minimal effort and delay. Stay tuned for a future blog post that will outline this innovative new technology!