Chicago-based Trading Technologies International, Inc. (TT) is now offering connectivity to the Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa, via its TT® platform.
Designed specifically for professional traders, TT now allows global user base to trade all derivative products listed on South Africa’s main bourse. The platform incorporates a wide range of customizable tools to accommodate trading strategies across equity and currency derivatives. TT’s full suite of tools also includes functionality for charting and analytics, mobile trading, options, FIX services, and API development.
The JSE was founded in 1887 to facilitate the explosion of trade sparked by the discovery of gold. The exchange lists more than 500 stocks, with mining companies making up one-third of those stocks.
“Our decision to connect to the Johannesburg Stock Exchange Derivatives Markets was driven by some of our largest institutional clients, including several tier-one global banks that are already using our FIX-as-a-Service offering for expanded market access via FIX protocol,“ said Steve Stewart, Trading Technologies’ director of EMEA sales.
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“Though direct interest in the JSE is strongest amongst our sell-side clients, we expect to see takeup across all of our customer segments, including buy-side and proprietary trading firms,” he added.
More about TT offering
The TT platform provides market access and trade execution through the software-as-a-service (SaaS) delivery model. In addition, the solution provides access to major international exchanges and liquidity platforms.
The platform already serves a wide variety of users, including proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers, and risk managers.
Earlier this year, the two-decade-old fintech firm ventured into the cryptocurrency space through a partnership with popular exchange operator Coinbase to give institutional traders direct market access to both bitcoin and bitcoin futures. It has also partnered with Coinfloor’s British Virgin Islands-based trading platform, CoinfloorEX, to improve cryptocurrency trading functionality and market access through implementing its TT Score machine learning technology.