DGAP-News: The NASDAQ OMX Group, Inc. /
NASDAQ OMX eSpeed Goes Live on Trading Technologies
04.03.2014 / 15:15
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New Connection Enhances Trading Opportunities for the Global Fixed Income
Community
CHICAGO and NEW YORK, 2014-03-04 15:14 CET (GLOBE NEWSWIRE) --
Trading Technologies International, Inc. (TT), a global provider of
high-performance professional trading software, along with The NASDAQ OMX
Group, Inc. (Nasdaq:NDAQ) announced the release of TT's connection to NASDAQ
OMX eSpeed, a fully executable central limit order book for electronic trading
in benchmark U.S. Treasuries, one of the world's largest and most liquid cash
markets.
With this new connection to eSpeed, TT now provides professional traders with a
consolidated point of access to the major global fixed income markets. The new
link to eSpeed gives all TT customers direct access to eSpeed's liquidity pool
to trade complex strategies across a range of U.S. Treasury securities and U.S.
Treasury futures products.
'Our clients are some of the largest fixed income traders in the world, and we
are very pleased to offer them access to eSpeed. TT users now have direct and
reliable access to more than 90% of the U.S. cash Treasuries market,' said Rick
Lane, Chief Executive Officer of TT.
'Trading Technologies' connection to eSpeed is just one of the ways we will
reinforce our commitment to providing the dealer community a premier liquidity
pool for trading benchmark U.S. Treasuries,' said Joe Noviello, Senior Managing
Director at NASDAQ OMX eSpeed. 'We are thrilled TT's professional trading
customers now have additional trading opportunities and access to leading-edge
performance with this connection to eSpeed.'
TT customers may now enter and manage trades on eSpeed using TT's full suite of
products, including X_TRADER(r), 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 may now 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.
Along with TT's recently launched connections to the NASDAQ OMX Nordic market
and NASDAQ OMX NLX, this brings the total number of markets available through
TT to 42.
Firms may now access eSpeed through internally hosted gateways or TT's TTNET(tm)
global hosting solution. eSpeed access also is available to qualified customers
through TT's MultiBroker offering, which was named 'Best New Product,
Connectivity' at the 2013 FOW Asia Awards and 'Best New Technology
Product-Trading and Execution' at the 2013 FOW International Awards.
eSpeed's relationship with Trading Technologies is part of a broader effort to
expand distribution to dealers who wish to navigate the benchmark U.S.
Treasuries market with services for the full lifecycle of global fixed income
trading. eSpeed has reduced round-trip latency by 35% and plans to migrate all
connectivity to the NASDAQ OMX Data Center to provide customers a streamlined
co-location strategy, access to other asset classes and technology innovations.
In order to meet customer demand, NASDAQ OMX Transaction Services continues to
develop its global fixed income operations including the NLX platform for
European interest rate futures, strategic ownership of Nordic clearing houses
and LCH Clearnet Group, Limited, trading in Nordic Corporate Bonds and the
exchange group's 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
proprietary traders, brokers, money managers, CTAs, hedge funds, commercial
hedgers and other professional traders. The company's X_TRADER software and
related services provide direct access to more than 40 major international
exchanges and liquidity platforms. 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:
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology,
information and public company services across six continents. Through its
diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the
world's securities transactions. NASDAQ OMX is home to more than 3,300 listed
companies with a market value of over $8 trillion. To learn more, visit
www.nasdaqomx.com.
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
Trading Technologies Media Contact:
Drew Mauck
3Points Communications
+1 312 725 7950
Drew@3ptscomm.com
NASDAQ OMX Media Contact:
Robert Madden
+1 646 441 5045
Robert.Madden@NASDAQOMX.com
News Source: NASDAQ OMX
End of Corporate News
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
ISIN: US6311031081
End of News DGAP News-Service
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255663 04.03.2014
DGAP-News: NASDAQ OMX eSpeed Goes Live on Trading Technologies
| Source: EQS Group AG