Trading Technologies Expanding Connectivity to Japanese Derivatives Exchanges

Discussion in 'Trading Software' started by TT News, Jan 20, 2011.

  1. TT News

    TT News

    Trading Technologies Expanding Connectivity to Japanese Derivatives Exchanges
    Links to Tokyo Financial Exchange and Tokyo Grain Exchange now available; connectivity to Osaka Securities Exchange to launch in February

    Trading Technologies International, Inc. (TT) today announced it has broadened access to the major Japanese derivatives markets with new connections to Tokyo Financial Exchange (TFX) and Tokyo Grain Exchange (TGE). In addition, TT announced it will link to Osaka Securities Exchange (OSE) on or before February 14, 2011 to coincide with the launch of OSE's new J-GATE derivatives trading platform.

    With the addition of TFX, TGE and OSE to TT's exchange connectivity offerings, TT can provide its customers with access to four of the top five Japanese derivatives exchanges. TT introduced its connection to Tokyo Commodity Exchange (TOCOM) in May 2009. TT plans to extend full coverage to the Japanese markets later this year with a new link to Tokyo Stock Exchange (TSE).

    TT's recently launched TFX gateway directly connects its X_TRADER® derivatives trading platform and related electronic trading products to TFX, Japan's second largest derivatives exchange. Through the new gateway, TT customers can trade the exchange's benchmark three-month Euroyen short-term interest rate (STIR) futures contract, which represents more than 95 percent of the global Euroyen volume. In addition, TT provides access to Euroyen STIR options, call rate futures and repo rate futures.

    "TFX is delighted to have Trading Technologies connectivity to its derivatives markets. We are confident that the advanced technology and infrastructure TT provides will enhance convenience for market participants and also bring new liquidity to our market," said Shozo Ohta, President and CEO of TFX.

    TT also now supports trading of TGE products through its TOCOM gateway. The TGE products include the azuki (red bean), arabica coffee, robusta coffee, corn, raw sugar, non-GMO soybean and soybean futures contracts as well as exchange-listed spreads.

    TT customers have the option to spread TFX and TGE products against contracts listed on all TT-supported exchanges. TT currently provides connectivity to approximately three-dozen exchanges in North and South America, Europe, the Middle East and the Asia/Pacific region.

    "Our customers can now obtain access to a broad array of Japanese derivatives contracts on TFX, TGE and TOCOM through our trading platform. We will broaden this access even further next month when we launch our new OSE gateway," said Harris Brumfield, CEO of TT.

    TT customers can choose to host their gateways internally or outsource connectivity to TTNET™, TT's fully managed hosting solution. Japanese market gateways hosted by TTNET are located close to the exchange at TT's Tokyo hub. Regional colocation and proximity hosting via TTNET data centers enhances a trader's edge via maximum speed advantages for prices and orders from and to each exchange.

    About Trading Technologies
    Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to dozens of the major international derivatives exchanges. TTNET™, TT's fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago with 11 offices globally, TT has received "best in class" awards from numerous independent third parties including FOW, Buy-Side Technology, The Technical Analyst and Chicago magazines as well as the Illinois Information Technology Association (ITA)

    http://www.tradingtechnologies.com/article.aspx?id=260