The NASDAQ OMX Group, Inc.
06.11.2013 09:00
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Software Provider's Link to eSpeed Electronic Trading Platform Will Provide
Fixed Income Markets With Improved Price Discovery and Deeper Liquidity
CHICAGO and NEW YORK, 2013-11-06 09:00 CET (GLOBE NEWSWIRE) --
Trading Technologies International, Inc. (TT), a global provider of
high-performance professional trading software, and NASDAQ OMX (Nasdaq:NDAQ)
today announced that TT will introduce connectivity to NASDAQ OMX eSpeed in the
first quarter of 2014. The eSpeed platform operates a fully executable central
limit order book for electronic trading in benchmark U.S. Treasuries, one of
the world's largest and most liquid fixed-income cash markets.
The TT connection to eSpeed will provide the trading community with a
consolidated point of access for the vast majority of fixed income markets,
improving price discovery and providing deeper liquidity. The new link to
eSpeed will give all TT customers across the globe ease of use to tap eSpeed's
liquidity pool and trade complex strategies across a range of U.S. Treasury
Securities and U.S. Treasury Futures products.
'We are very excited to announce our plans to connect to eSpeed. This greatly
amplifies our fixed income offering and we look forward to working closely with
eSpeed to grow our mutual customer base,' said Mike Burns, EVP of Business
Development with TT.
TT customers will be able to enter and manage trades on eSpeed using TT's full
suite of products, including the recently released X_TRADER(r) 7.17, the ADL(r)
visual programming platform for automated trading, and the TT API and FIX
Adapter API solutions. In addition, customers using TT's Autospreader(r) tool
will be able to execute Treasury basis trades through TT's Strategy Engine (SE)
execution servers, which minimize execution latency via proximity-based
computing and co-location. The SE line includes highly scalable,
high-performance products for algorithmic, synthetic and spread trading.
With the eSpeed connection, TT will provide access to all major U.S. Treasury
and Treasury futures markets. Along with TT's recently announced plans to
provide access to the NASDAQ OMX Nordic market and NASDAQ OMX NLX, this brings
the total number of markets available through TT to 39.
Firms will access eSpeed through internally hosted gateways or TT's TTNET(tm)
global hosting solution. eSpeed access also will be available to qualified
customers through TT's MultiBroker offering, which was recently named 'Best New
Product, Connectivity' at the FOW Asia Awards.
'Our connection to Trading Technologies is part of an ongoing effort to enhance
the trader experience with tools and services they want,' said Eric Noll,
Executive Vice President of Transaction Services at NASDAQ OMX. 'Our deep
relationship with Trading Technologies will significantly expand the
opportunity set for the fixed income community across the globe.'
NASDAQ OMX announced the completion of its eSpeed acquisition on July 1st,
2013, as the exchange group began to operate the over-the-counter trading
platform for benchmark U.S. Treasuries, one of the largest markets in the world
with over $500 billion in daily trading volume. The addition of the eSpeed
platform to the NASDAQ OMX Transaction Services business provides market
participants an opportunity to navigate the benchmark U.S. Treasuries market
with services for the full life-cycle of global fixed income trading. In order
to meet customer demand, NASDAQ OMX Transaction Services continues to develop
all areas of its global fixed income operations including the NLX platform for
European interest rate futures, strategic ownership of Nordic clearing houses
and its U.S. derivatives marketplaces for listing fixed income products.
The eSpeed electronic trading platform is operated by Execution Access, LLC, a
member of FINRA and SIPC.
About Trading Technologies:
Trading Technologies (www.tradingtechnologies.com, @Trading_Tech),
headquartered in Chicago, develops high-performance trading software for
derivatives professionals, including proprietary traders, brokers, money
managers, CTAs, hedge funds, and commercial hedgers. The company's X_TRADER
software and related services provide direct access to 39 of the major
international derivatives exchanges. TTNET(tm), TT's fully managed hosting
solution, delivers maximum system stability and fast trade execution via hubs
located close to the major exchanges in Chicago, New Jersey, Sao Paulo, London,
Frankfurt, Singapore, Tokyo and Sydney.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.99%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
NASDAQ OMX eSpeed and NASDAQ OMX's other products and offerings. We caution
that these statements are not guarantees of future performance. Actual results
may differ materially from those expressed or implied in the forward-looking
statements. Forward-looking statements involve a number of risks, uncertainties
or other factors beyond NASDAQ OMX's control. These factors include, but are
not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and
periodic reports filed with the U.S. Securities and Exchange Commission. We
undertake no obligation to release any revisions to any forward-looking
statements.
NDAQG
CONTACT: Trading Technologies Media Contact:
Drew Mauck, 3POINTS Communications
+1 312 725 7950 (office)
+1 773 203 5456 (mobile)
Drew@3ptscomm.com
NASDAQ OMX Media Contact:
Robert Madden
+1 646 441 5045 (office)
+1 347 740 0191 (mobile)
Robert.Madden@NASDAQOMX.com
News Source: NASDAQ OMX
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
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ISIN: US6311031081
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DGAP-News: Trading Technologies to Establish Connection to NASDAQ OMX eSpeed
| Source: EQS Group AG