Trading Technologies International Inc (TT), a provider of capital markets technology platforms, has announced the launch of two new products - TT Futures TCA for transaction cost analysis (TCA) in futures trading and TT Trade Surveillance for monitoring trading activities across multiple asset classes.
Trading Technologies Unveils Futures TCA and Multi-Asset Surveillance Tools
The Chicago-based firm said the new offerings will significantly bolster its capabilities in the data analytics and compliance segments.
TT Futures TCA combines the company's repository of anonymized futures trading data with metrics and analytics, aiming to provide a comprehensive tool for analyzing and optimizing futures trading strategies. The product leverages data and analytics from Abel Noser Solutions, a TCA solutions provider TT acquired last August.
"We're able to combine [our data] with Abel Noser's extensive TCA data and custom reporting that has been an essential tool in other asset classes, and produce what is without question the most comprehensive TCA solution for futures," said Peter Weiler, TT's EVP Managing Director of Data & Analytics , in a statement.
Meanwhile, the TT Trade Surveillance product expands on the company's existing trade surveillance platform, adding coverage for asset classes such as equities, equity options, foreign exchange, and fixed income. The tool incorporates 47 new user-configurable surveillance models to detect potential market manipulation cases and disruptive trading practices.
"We're building on our track record of innovation and investment in the product by extending our capabilities into new asset classes," added Ted Morgan, TT's EVP Managing Director of Compliance. "Users can adjust settings and thresholds that pertain to any particular model and run them on any subset of data they want to filter."
The company said it plans to migrate all users of its existing TT Score surveillance platform to the new TT Trade Surveillance product in the second half of 2024.
"The introduction of our new futures TCA and expanded multi-asset trade surveillance capabilities are the latest examples of how Trading Technologies and the TT platform play a pivotal role in the global financial markets," said TT Chief Operating Officer Justin Llewellyn-Jones.
TT's clients include major sell-side institutions, buy-side firms, hedge funds, proprietary traders and commodity trading advisors. The company also provides technology solutions to exchanges.
TT’s Expansion Drive
The launch comes on the heels of several strategic moves by Trading Technologies to expand its global presence and product offerings.
In February, the company completed the acquisition of Paris-based ATEO SAS, a leading provider of post-trade solutions for listed derivatives. The deal, which followed a successful partnership between the two firms in late 2022, aimed to enhance Trading Technologies' clearing and middle-office technology services.
"ATEO has provided premier middle-office solutions to our clients, with functionally rich and reliable software," said ATEO founder and CEO Laurent Courbin. "We can now scale significantly as part of the TT team and infrastructure."
Trading Technologies has also been forging partnerships to broaden its market reach. In March, the firm connected to the European Power Exchange (EPEX SPOT), enabling its clients to access European physical power markets and utilize algorithmic trading tools for intraday power trading.
"The integration of EPEX's fast-growing intraday power markets into our platform takes that to a new level," said Trading Technologies CEO Keith Todd.
On the cryptocurrency front, Trading Technologies recently integrated with Coinbase Derivatives Exchange (formerly FairX), allowing clients to trade Nano Bitcoin futures and Nano Ether futures on Coinbase through the TT platform.
