SOURCE: Trading Technologies International
SINGAPORE and CHICAGO, IL--(Marketwire - Jun 27, 2012) - Trading Technologies International, Inc. (TT) and UOB Bullion and Futures (UOBBF) today announced that UOBBF has selected TT's low-latency, high-performance, fully managed hosting solution, TTNET, for its global exchange traded derivatives business.
TTNET gives customers faster access to global futures markets and increases trading platform stability through its high-performance, resilient data centers. TTNET also enables firms to minimize trading delays by hosting and executing all trading orders through high-speed servers that have direct links to global derivatives exchanges.
Harris Brumfield, CEO of Trading Technologies, said, "We are very pleased to welcome UOBBF to TTNET. We look forward to working closely with them as they expand their business globally."
Robbie McDonnell, VP/Managing Director Asia/Pacific Sales for TT, said, "We are thrilled to be working with UOBBF as they extend their reach on the global stage through our TTNET hosting service. As more regional financial institutions look to grow their presence in the international markets, and regional exchanges continue to internationalize their offerings, we expect record Asia/Pac growth for TT 2012."
Matthew Png, executive director and head of UOBBF, said, "We are dedicated to providing our customers with only the best solutions in the market. Our new hosting solution and services gives our customers fast and cost-efficient access to global futures markets."
With data centers in Chicago, New Jersey, São Paulo, London, Frankfurt, Tokyo, Sydney and Singapore, TTNET will give Singapore-based UOBBF's clients direct access to the global futures/derivatives markets through TT's X_TRADER® order-entry software.
In addition, TTNET has already equipped UOBBF traders with X_TRADER and all of its components including Autospreader®, Autotrader™ and the new ADL™ (Algo Design Lab). ADL is a revolutionary visual programming platform that allows traders and programmers to design, test and deploy custom automated trading programs without writing a single line of code. This will allow UOBBF to provide its clients with trading programs customized to their business needs.
UOBBF will access TT's suite of Strategy Engine (SE) server-based algorithmic execution solutions through TTNET's proximity hosted architecture. The SE execution servers enable traders to trade from anywhere in the world without experiencing the delays typically associated with remote trading. TT's SE family currently includes Autospreader Strategy Engine, Synthetic Strategy Engine and Algo Strategy Engine.
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER software and related services provide direct access to dozens of the major international derivatives exchanges. TTNET™, 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, São Paulo, London, Frankfurt, Singapore, Tokyo and Sydney. Headquartered in Chicago with 12 offices globally, TT has received "best in class" awards from numerous independent third parties including FOW, Buy-Side Technology, The Technical Analyst and Chicago magazines as well as the Illinois Information Technology Association (ITA).
UOB Bullion and Futures Limited (UOBBF) is a subsidiary of United Overseas Bank Limited, with representative offices in Singapore, Taiwan and Thailand. UOBBF offers customers access to trading in a wide range of futures and option instruments such as major currencies, interest rates and commodities, and clearing in major futures exchanges across the globe.
UOBBF is a leading full clearing member of the Singapore Exchange Derivatives Trading Limited (SGX-DT) and has earned the distinction of being the first local financial institution to win two SGX-DT Top Volume Awards in a year. UOBBF is also a clearing member of Singapore Mercantile Exchange (SMX) providing customers with the opportunity to arbitrage against other commodity exchanges.
UOBBF also provides customers with direct access to Eurex Deutschland AG (EUREX), NYSE - London International Financial Futures & Options Exchange (LIFFE) and Euronext Paris Derivatives Market, reducing latency and allowing greater trading opportunities.