Trading Technologies (TT), which delivers trading systems to a wide range of financial institutions, is to provide access to the fixed income and futures execution algorithms developed by Quantitative Brokers (QB).
“Our customers are excited about the ability to gain access to Quantitative Brokers’ suite of industry-leading execution algorithms through the TT platform, and we’re excited to launch our new algo framework and welcome QB as our first partner. By integrating with third-party algo providers like QB, we can extend the range of execution choices available to every TT user,” says Rick Lane, chief executive of Trading Technologies.
Trading Technologies’ X_TRADER platform gives users connectivity to major fixed income trading venues such as ICAP’s BrokerTec and Nasdaq’s eSpeed. Its new platform will offer the same functionality, in addition to a link to KCG Fixed Income. The addition of QB’s algos, which is currently in beta testing, is scheduled to roll out to clients later this year, and TT also plans to add support for other broker algos.
“The collaboration of these two industry leaders brings clients unparalleled access to the future of electronic trading. In a world in which performance is measured in basis points, this alliance delivers significant competitive advantages,” says Christian Hauff, chief executive of Quantitative Brokers.