Trading Technologies will let clients trade US-regulated prediction markets through its TT platform, starting with connectivity to Kalshi. The Chicago and London-based platform provider said trading on Kalshi is expected to go live in the third quarter.

The plan pushes prediction markets, until recently a mostly retail corner of trading, closer to the institutional order flow.

Trading Technologies, whose software routes orders and handles execution for banks, hedge funds and proprietary firms, said its own clients asked for the access.

Why a Derivatives Vendor Is Wiring Up Event Contracts

Trading Technologies sells what it calls "multi-X" software, covering futures and options, fixed income, foreign exchange and cryptocurrencies.

Adding prediction markets extends that menu to event contracts, instruments that pay out on yes-or-no questions about elections, economic data and other outcomes.

The company's reach already runs deep into the sell side. Goldman Sachs agreed last year to distribute the TT platform to its client base, and the vendor has expanded through deals such as its tie-up with prime broker Hidden Road.

Clients will get "the same advanced trading functionality they leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term in other asset classes," said Alun Green, the firm's executive vice president and managing director for futures and options.

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He pointed to "increased institutional demand among our clients for these growing markets."

Kalshi's Push From Retail Toward Wall Street

Kalshi describes itself as the world's largest federally regulated prediction market, a claim that tracks its rapid rise. The exchange captured roughly 60% of sector volume as regulated venues gained ground on offshore rivals.

It has since pressed further into derivatives. Kalshi raised $1 billion at a $22 billion valuation, earmarking part of the round for block trading and institutional integrations, and won approval to introduce margin trading, which lets clients trade event contracts without posting full collateral upfront.

Andy Ross, head of institutional at Kalshi, said the integration helps put in place "the essential infrastructure for being the next-generation derivatives exchange."

TT brings order and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management tools that institutional desks already use across listed derivatives.

Where Prediction Markets Fit in the Trading Landscape

The connectivity announcement followed a series of TT events for sell-side and buy-side leaders, with representatives from Cboe, ElectronX, GFO-X, MIAX and Rothera alongside Kalshi.

The sessions, held in Chicago and New York, covered institutional adoption, the regulatory outlook and the use of prediction markets in risk management.

Competition for the institutional segment is building. Crypto exchange Hyperliquid has moved to challenge Kalshi and Polymarket for prediction-market share, while Kalshi has widened the scope of tradable events through deals such as its partnership with resale marketplace StockX.

The category still sits on contested regulatory ground. The CFTC's review of event contracts has exposed a split between firms that treat them as financial derivatives and critics who see them as gambling.

By plugging Kalshi into tooling built for futures desks, Trading Technologies is betting on the first view, and on more venues following. Green said Kalshi would be "the first of many regulated prediction markets to come."