Trading Technologies (TT), a provider of professional software for traders, announced on Wednesday that it is extending its market coverage by adding four popular exchanges from the Asia-Pacific (APAC ) region.
According to the press release, the TT Premium Order Types, the company's new algorithmic execution strategies tool integrated with the TT platform, guarantees access to instruments available on Singapore Exchange (SGX Group). Products from Japan Exchange Group (JPX), Hong Kong Exchanges and Clearing Limited (HKEX) and Australian Securities Exchange (ASX) will be available before the end of the year.
TT is focusing on expanding its low-latency-based services. The addition of four more markets brings the total number to eleven. TT Premium Order Type has so far supported Cboe Futures Exchange, Intercontinental Exchange, CME Group, Eurex, Euronext, the London Metal Exchange (LME) and Montréal Exchange. More markets are expected to follow, depending on investor demand.
TT Premium Order Types is TT's proprietary technology to improve order execution and optimize order management using market intelligence. It is based on quantitative modeling for strategic order type selection.
"We're excited to add these important APAC exchanges to our offering of best-of-breed synthetic order types, driven by quantitative modeling, available directly through the TT platform. Asset managers, hedge funds, trading groups, commodity firms and others can apply these value-added tools to round out their macro portfolios, improve their hedging capabilities, and explore new trading and arbitrage opportunities," Guy Scott the EVP and Chief Revenue Officer at Trading Technologies, said.
Expanded Risk Management Offering
In the middle of November, TT announced that it was expanding its risk management offering with the addition of KRM22's Risk Manager. The system allows users to assess margin and liquidity in real-time, giving them an edge in the derivatives market.
TT has been working with KRM22 since the beginning of the year when it invested $6.35 million to continue the company's growth.
In December 2021, TT became a part of 7RIDGE, a specialized growth equity company. The move made almost a year ago was aimed at increasing the company's organic growth.
