The global credit network for institutions, Hidden Road, has collaborated with Trading Technologies, a capital markets technology platform provider, to offer clients a unified solution for trading a range of asset classes. This partnership reportedly marks the first time Hidden Road has provided an independent platform for cleared derivatives.

Expanding Trading Capabilities

According to the press release, this collaboration enables Hidden Road's clients to use TT's trading platform, which supports traditional cleared derivatives as well as digital assets. The two entities mentioned that the expanded cross-asset coverage will give Hidden Road's prime brokerage clients the ability to trade an array of asset classes.

Commenting about the new partnership, Michael Higgins, the Global Head of Business Development at Hidden Road, mentioned: "As Hidden Road continues to expand our product coverage – now including FX, cleared derivatives, OTC derivatives and synthetics, digital assets and more – offering our counterparties streamlined access to leading third-party technology is a logical extension of our strategy."

"TT is recognized throughout the industry for its broad coverage and low latency, both of which align with Hidden Road's modern approach to quantitatively driven credit intermediation and multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term prime brokerage."

The TT platform enables users to manage the entire lifecycle of various financial instruments. From order and execution management to risk management and post-trade allocation, TT provides a solution designed to meet the diverse needs of institutions. In 2023 alone, the platform handled about 2.2 billion transactions, connecting to over 100 global exchanges and liquidity venues.

Enhancing Institutional Trading

Last month, Trading Technologies launched two new services: TT Futures TCA for transaction cost analysis in futures trading and TT Trade Surveillance for monitoring trading activities in multiple asset classes.

The company mentioned that the new offerings will significantly strengthen its capabilities in data analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and compliance. TT Futures TCA links the TT's repository of anonymized futures trading data with metrics and analytics. The service aims to provide a tool for analyzing and optimizing futures trading strategies.

Additionally, Trading Technologies completed the acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives, early this year. In the agreement, ATEO will operate as a managed service hosted in Trading Technologies' data centers. This acquisition enables TT's clients to access ATEO's post-trade services to enhance operational efficiency.