Trading Technologies International, Inc. (TT), a provider of trading software to a wide spectrum of end users, has expanded its TT futures trading platform’s execution and connectivity services to Interxion’s London data center.
Interxion, based in the Netherlands, is a provider of cloud and carrier-neutral co-location data center services, with 34 data centers in 11 European countries.
TT® Platform, built on a Software-as-a-Service (SaaS) framework and the success of its original trading platform X_TRADER, has now an improved regional resiliency and can allow users to replicate their trading experience with increased accessibility and flexibility.
What Lies Ahead for a British Fintech Industry Outside the EUGo to article >>
Through Interxion’s London data center, the TT platform provides the closest proximity and lowest-latency access to the markets in which clients execute their trading strategies, including the London Metal Exchange (LME), ICE Futures Europe, Euronext and the Dubai Gold and Commodities Exchange (DGCX).
Interxion’s financial hub facility has built up a critical mass of capital market participants, because it provides the type of environment that enhances the benefits delivered to firms leveraging its services. In addition, the access to a large number of ecosystem partners lowers the user’s overall market access cost.
Andrew Woodward, Director of Berkeley Futures Ltd, commented: “We look forward to offering our clients colocation at LME and connectivity to DGCX on the TT platform. With TT’s new connectivity and execution services in London, we expect our clients will achieve even lower latency and higher levels of performance from trading on the world’s major exchanges through TT. This will be particularly beneficial to our arb and algo traders.’’
Mike Mayhew, CIO of TT,added: “TT users will see a significant performance improvement when accessing regional markets through the London environment, and ecosystem partners can take advantage of lower-cost access to the TT platform. The addition of the London data center is critical to our long-term resilience and performance objectives for the TT platform.”