CHICAGO, TOKYO and SINGAPORE, August 30 /PRNewswire-AsiaNet/ –
Trading Technologies International, Inc. (TT) today announced it is expanding
its Asian exchange connectivity through new initiatives with the Tokyo
Commodity Exchange (TOCOM) and Singapore Exchange (SGX).
First, TT will link its X_TRADER(R) 7 derivatives order-entry platform to
TOCOM and expects to release the gateway in early 2008. X_TRADER 7 users will
have the ability to buy and sell futures on precious and base metals including
gold, mini-gold, silver, platinum, palladium and aluminum; energies including
crude oil, gasoline, gas oil and kerosene; and rubber as well as options on
gold. Customers also will have the option to spread these products against
commodity contracts listed on a number of other TT-supported exchanges.
"As Japan’s largest commodity exchange, TOCOM is of great interest to our
customers. We believe connectivity will appeal to firms within and outside of
Japan and expect healthy demand for the gateway," said Toshimasa Fujii, TT’s
Country Manager, Japan.
"Through this link-up to X_TRADER, TOCOM will be accessible to thousands of
professional traders worldwide who already use TT’s platform. We believe this
arrangement will have a very positive impact on TOCOM," said Yuichi Fukui,
Executive Director of TOCOM.
TT customers will have the flexibility to choose between hosting their
TOCOM gateways internally or outsourcing connectivity to TTNET(TM), TT’s fully
managed hosting solution. The TTNET gateways will be located close to the
exchange at TT’s Tokyo hub. Regional colocation of TTNET data centers enhances
a trader’s edge via maximum speed advantages for prices and orders from and to
each exchange.
In addition to the agreement with TOCOM, TT has reached an agreement with
SGX that enables TT to provide X_TRADER 7 customers with access to the exchange
through TTNET(TM). The hosted SGX gateways are situated at TT’s hub in
Singapore to facilitate fast order routing to the exchange.
TT launched its SGX link in April and many TT customers have already
deployed gateways to their internal network facilities. The connection provides
access to SGX’s wide array of international risk management tools and trading
products. These include Japanese Government Bonds (JGBs), the Euroyen and the
Nikkei 225 as well as a range of other short- and long-term interest rate
futures and options, equity index futures and options, and single stock futures.
"Institutions are increasingly recognizing the advantages of TTNET and, as
a result, we are seeing more and more customers choosing to migrate from
internal trading networks to TTNET," said Bill Herder, VP Global TTNET Sales
for TT. He continued, "TT’s ability to provide its customers with access to
Singapore Exchange, TOCOM and other markets through our fully managed hosting
solution makes it faster and easier for traders to access the markets."
"Enhancing global participation is a key driver in growing our derivatives
market. As part of SGX’s strategy to build an Asian Gateway, we are pleased to
have TT setting up a hub in Singapore giving our customers another option to
access our derivatives market," said Rama Pillai, Senior Vice President, Head
of Intermediaries and Market Access at SGX.
About Trading Technologies
Trading Technologies (http://www.tradingtechnologies.com) develops
high-performance trading software for derivatives professionals, including the
world’s premier exchanges, money-center banks, proprietary traders, securities
brokers, Futures Commission Merchants (FCMs), hedge funds and other trading
institutions. The company’s X_TRADER(R) software and related services provide
direct access to the world’s major derivatives exchanges. X_TRADER 7.4, the
current version of TT’s high performance trading platform, was named
"Innovation of the Year" by FOW magazine in June 2007. TTNET(TM), 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, Trading
Technologies maintains a worldwide presence with offices in New York, Houston,
London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. In 2004,
Trading Technologies was named the best technology company to work for in
Chicago by Chicago magazine and ranked third among all Chicago area employers.
In 2006, TT received the prestigious Lighthouse Award from the Illinois
Information Technology Association (ITA) as the leading technology company in
Illinois.
SOURCE Trading Technologies International, Inc.
CONTACT: Drew Mauck of Strategics,
+1-312-346-2005,
dmauck@strategicsinc.com,
for Trading Technologies International, Inc
Web site: http://www.tradingtechnologies.com
August 30, 2007
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