Trading Technologies International, Inc. and Borsa Istanbul, Turkey’s only exchange, announced this week that all of the derivative products listed on Borsa Istanbul Derivatives Market (VIOP) are now available for trading through Trading Technologies’ trading platform (TT platform).
Under the agreement, Borsa Istanbul’s derivatives products are available for clients of Trading Technologies, which is a global provider of high-performance professional trading software.
This gives the company’s clients the ability to trade the exchange’s derivatives, which includes foreign exchange (forex), commodities, indices, and interest rate futures and options on futures, while being able to utilize the suite of tools provided by Trading Technologies.
Commenting on the partnership, Steve Stewart, Managing Director, Sales EMEA, at Trading Technologies said in the statement: “This represents an exciting opportunity for Trading Technologies, as this connection to Borsa Istanbul brings us into a new region.
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“Our link to Borsa Istanbul will offer additional trading opportunities to our existing clients around the globe while presenting us with new geographic growth opportunities. We’ve already received many inquiries from local traders, and we’re excited to enter the market.”
Trading Technologies continues to partner with exchanges
In recent months the software provider has announced a number of industry partnerships. As Finance Magnates reported, the company partnered with Thailand Futures Exchange (TFEX), the Mexican Derivatives Exchange (MexDer), and the Moscow Exchange (MOEX), with the latter two both having similar agreements with the firm as the one announced today.
“With the goal of being a financial center and regional hub for investment, Borsa İstanbul emphasize on its technology and access services,” added Alpogan Sabri Erdogan, Executive Vice President, at Borsa İstanbul.
“In line with that we are expanding our colocation area to increase the number of customers hosting in our İstanbul Data Center. For those who prefer to access to our markets from abroad, we are trying to make Borsa İstanbul available in world known end-client platforms. In that manner integration to Trading Technologies is crucial to increase our global reach and make it easier for our existing and potential investors to access to Borsa İstanbul’s markets and data.”