Trading Technologies Channels Connectivity to KCG's Fixed Income Liquidity Platform

Trading Technologies International (TT) has expanded its connectivity utility to KCG Holdings’ Fixed Income Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Software, slated to take effect during Q1 2015.

Back in December, TT announced that Rakuten Securities Inc. was a participating broker in its global MultiBroker service with direct market access to forty markets across five continents.

The new partnership will connect TT to KCG’s Fixed Income Liquidity Software, enabling KCG to provide US Treasury liquidity to both X_Trader and TT platform users – this offering of liquidity is the first such opportunity granted to a non-exchange provider.

The move will target professional traders and market participants who desire a fixed point of access to multiple avenues of global fixed income liquidity. Furthermore, users will now be able to utilize a variety of trading strategies for US Treasury markets.

As a result of the new accord, KCG will augment TT’s current connectivity base to US Treasury and Treasury futures markets, permeating a total of 40 exchanges and liquidity destinations.

According to Rick Lane, CEO of TT, in a recent statement on the partnership, "Connectivity to KCG will boost our offering to fixed income traders by providing them with direct access to additional liquidity generated by KCG's Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term. We think this will be an important differentiator for us as we continue to strengthen our tool suite for the fixed income community.”

"We're pleased to offer Trading Technologies' clients access to our market making liquidity. This technology makes our one-to-one, fully accountable trading relationship very scalable and enables us to deliver high quality liquidity to TT's diverse client base without asking them to change their workflow," added Samantha Coyne, head of fixed income client services for KCG in an accompanying statement.