Trading Technologies International, a technology provider in the capital markets, has entered the foreign exchange industry by establishing its new business unit, TT FX, which will introduce its offerings to the market in phases.

Trading Technologies Enters FX Business

Initially, with the launch of its first phase later this year, TT FX will enable 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 clients to trade spot FX through a choice of curated electronic communication networks (ECNs). The platform will extend its offerings next year by including liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from major banks and expanding the product set to include forwards, non-deliverable forwards (NDFs), and swaps.

“We have more than 6,000 buy-side users alone on the TT platform – including hedge funds, CTAs, proprietary traders, and commodity trading firms – who already trade a huge amount of FX on other systems and platforms,” said Keith Todd, the CEO at Trading Technologies.

“Following many months of outreach and research with our clients, we’ve heard significant positive feedback and strong demand to consolidate this activity on TT’s EMS. TT FX will leverage the unparalleled global distribution capabilities of our platform, the award-winning functionality of our EMS, and the widest possible choice of liquidity providers to deliver a truly best-in-class solution.”

The expansion into FX came after Trading Technologies acquired AxeTrading last March.

New Head for the FX Unit

To head the new FX unit, Trading Technologies has hired Tomo Tokuyama, who brings years of industry experience.

In the role, Tokuyama will be initially responsible for building a team of FX industry product and technology experts. He will further focus on connectivity to major ECNs and liquidity providers and delivering advanced FX trading capabilities through the company’s execution management system (EMS).

“FX is in high demand by TT clients, and I’m excited about the opportunity to further shape the FX strategy and deliver a product that TT clients will be proud to use,” Tokuyama said.

Tokuyama joined Trading Technologies from Los Angeles-based First Quadrant, a quantitative fund, where he was the Head of Trading. There, he transformed FX trading from 98 percent voice execution to 95 percent electronic. On top of that, he worked at Goldman Sachs in Tokyo and Hong Kong.