HSBC is to make Trading Technologies' (TT) high-speed XTRADER order-entry software available to its internal trading desks and customers.
The move, which covers the Americas, Europe and Asia, is the result of a new global software license agreement between the two firms.
Under the terms of the deal, HSBC also will utilize TTNET, TT's full-service hosting solution, which through fast, highly resilient and fully redundant connections to the world's top futures exchanges, optimizes uptime and allows TTNET customers to quickly deploy trading screens in virtually any country.
'In response to growing demand from our major institutional and global hedge fund clients, HSBC are pleased to be working with TT to integrate their trading platform into our core infrastructure to provide direct access to electronic markets across the globe,' says Greg Totts, Managing Director and Global Head of Futures at HSBC.
Harris Brumfield, CEO of TT, adds: 'HSBC is one of the world's leading financial institutions, and we are very pleased that they have chosen to enter into this global software license/TTNET agreement with TT. We look forward to working with HSBC to deploy our products to their customers around the world.'