Trading Technologies Signs Applied Derivatives in South Africa

Based in Cape Town, Applied Derivatives provides clients with access to equity and currency derivatives listed on the JSE.

Chicago-based Trading Technologies International, a global provider of trading solutions, today announced in a joint statement with Applied Derivatives PTY LTD a new partnership to distribute its flagship TT trading platform in South Africa.

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.

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The platform already serves a wide variety of users, including proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers, and risk managers.

Based in Cape Town, Applied Derivatives is a securities trading and brokerage firm that provides clients with access to equity and currency derivatives, including futures and options, listed on the JSE Derivatives Market.

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TT Extends Connectivity to Johannesburg Bourse

Trading Technologies is already offering connectivity to the Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa, via its TT® platform. 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.

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.

Commenting on the news, Steve Stewart, Managing Director, Sales EMEA at Trading Technologies said: “We are very happy to be bringing the TT platform into South Africa for the first time through this partnership with Applied Derivatives. They are leaders in the region, with a focus on providing their services to large financial institutions, hedge funds and other professional trading organizations. We look forward to expanding our reach in this important part of the world through this collaboration with the Applied Derivatives team.”

“We are excited to partner with Trading Technologies to provide access to the South African listed derivatives market for our international clients. The software and infrastructure that TT offers are ideal for our clients,” added Marilet Tait from Applied Derivatives.

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