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TT adds multi-leg spread execution algo to offering

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Global capital markets technology platform provider Trading Technologies International (TT) has introduced TT Splicer, a new TT Premium Order Type that intends to enhance functionality for synthetic multi-leg spread trading.

In a statement, Joe Signorelli, EVP & Managing Director, Quantitative Trading Solutions, said: “TT Splicer combines the ease and flexibility of TT’s market-leading Autospreader with the power of our best-in-class execution algos to uniquely minimise slippage and optimise trade execution when trading synthetic multi-leg spreads.”

According to a press release, TT Splicer enables users to leverage Autospreader to create a synthetic multi-leg instrument on any exchange – even if the exchange doesn’t list those products – and then utilise one of TT’s built-in algos to seamlessly manage order execution. TT Splicer coordinates leg execution across colocated servers and tracks all fills in real time, while dynamic custom ratios balance risk.

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