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Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, and NASDAQ OMX today announced that TT will introduce connectivity to NASDAQ OMX eSpeed in the first quarter of 2014. The eSpeed platform operates a fully executable central limit order book for electronic trading in benchmark U.S. Treasuries, one of the world’s largest and most liquid fixed-income cash markets.
The TT connection to eSpeed will provide the trading community with a consolidated point of access for the vast majority of fixed income markets, improving price discovery and providing deeper liquidity. The new link to eSpeed will give all TT customers across the globe ease of use to tap eSpeed’s liquidity pool and trade complex strategies across a range of U.S. Treasury securities and U.S. Treasury futures products.
“We are very excited to announce our plans to connect to eSpeed. This greatly amplifies our fixed income offering and we look forward to working closely with eSpeed to grow our mutual customer base,” said Mike Burns, EVP of Business Development with TT.
TT customers will be able to enter and manage trades on eSpeed using TT’s full suite of products, including the recently released X_TRADER® 7.17, the ADL® visual programming platform for automated trading, and the TT API and FIX Adapter API solutions. In addition, customers using TT’s Autospreader® tool will be able to execute Treasury basis trades through TT’s Strategy Engine (SE) execution servers, which minimize execution latency via proximity-based computing and co-location. The SE line includes highly scalable, high-performance products for algorithmic, synthetic and spread trading.
With the eSpeed connection, TT will provide access to all major U.S. Treasury and Treasury futures markets. Along with TT’s recently announced plans to provide access to the NASDAQ OMX Nordic market and NASDAQ OMX NLX, this brings the total number of markets available through TT to 39.