Trading Technologies International (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, and the Institutional Services division (IS) of inter dealer broker TP ICAP, have signed a multi-year agreement whereby TP ICAP will utilise TT’s new Order Management System (OMS) solution. Through this agreement, TP ICAP IS will replace 85 trading screens in London, Paris and New York with TT’s award-winning TT Pro trading screen.
TP ICAP’s IS brokers will use all of the TT OMS advanced order handling and post-trade allocation features to optimise their order executions and reporting. They also will deploy TT’s Advanced Options Package for options trading and analytics through the TT screen. In addition, TT will provide TP ICAP’s IS brokerage desks with direct ultra-low-latency access to the major derivatives markets across six continents through TT’s global infrastructure and colocation facilities.
“TP ICAP has been a tremendous long-time TT customer, leveraging our original X_TRADER platform and TTNET™ hosting services on behalf of their customers for many years across the enterprise. We are delighted to now be expanding our strategic relationship with TP ICAP by deploying our state-of-the-art OMS offerings and next-generation TT screen to TP ICAP’s brokerage desks. With this important milestone we look forward to enabling TP ICAP to add value to its clients via generating key cost, workflow and execution efficiencies across TP ICAP’s brokerage operations,” says Michael Kraines, President and CFO of Trading Technologies.
“I am delighted to continue and broaden the long-standing partnership with Trading Technologies. I believe their new, class-leading OMS will benefit both our brokers and our clients through reducing costs and enhancing efficiencies,” says John Ruskin, CEO, Institutional Services, TP ICAP.