Trading Technologies International, Inc. (TT), a provider of professional trading software, announced this Tuesday that it has partnered with the London Metal Exchange (LME).
Under the agreement, Trading Technologies will supply the exchange’s trading participants with direct access to the exchange via its front-end interface, replacing LME’s current graphical user interface when its new trading platform launches next year in 2021.
The platform, which is delivered via software-as-a-service (SaaS), will give members and their clients more connectivity to the exchange, available from almost any location and device, the statement released today said.
Commenting on the partnership, Robin Martin, Head of Market Development at the LME, said in the statement: “The LME is delighted to partner with Trading Technologies, a leading global provider of trading software, to provide the front-end interface for the LME’s new trading platform.
“TT’s global reach, strong LME expertise and the platform’s rich feature set will support us in offering an advanced browser-based trading GUI, giving direct access to members and members’ clients and broadening participation in our market.”
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In addition to having a greater connectivity to the industrial metals exchange, members and clients will be able to access the professional trading tools offered by Trading Technologies, including the MD Trader® ladder, options trading functionality, and TT Mobile apps.
“We’re honored to have been selected as the LME’s GUI provider and are excited to expand our long-standing global partnership with the LME. We look forward to delivering our technology to the exchange’s users, many of whom are already our clients,” added Steve Stewart, Managing Director, Sales EMEA at Trading Technologies.
Trading Technologies expands exchange partnerships
Trading Technologies has been expanding the number of partnerships it has with exchanges. As Finance Magnates reported, the software provider teamed up with the Mexican Derivatives Exchange (MexDer).
MexDer is a subsidiary of the Mexican Stock Exchange (Bolsa Mexicana de Valores), one of the largest stock exchanges in Latin America. Under the agreement announced in October of last year, all derivative products listed on MexDer are available to all users of the TT platform in the final quarter of 2019. The announcement came just one day after it was revealed that Trading Technologies International, Inc. had partnered with the Moscow Exchange (MOEX).