Trading Technologies International has announced the expansion of TT FX, with a range of new features for institutional foreign exchange (FX) and precious metals traders to deliver comprehensive over-the-counter (OTC) trading through TT. The expanded release extends the firm’s FX product coverage from spot FX to also include forwards, non-deliverable forwards (NDFs) and swaps and adds liquidity from bank and non-bank liquidity providers alongside previously supported primary FX venues and electronic communication networks (ECNs).
The expansion allows clients to source a much deeper pool of liquidity and trade FX, futures and precious metals from a single, unified interface within TT’s market-leading execution management system (EMS) either directly or via bank algorithms.
Tomo Tokuyama, EVP and Managing Director, FX at TT, said: “Our goal was to make FX a natural extension of the trading workflow, not a separate system. We’ve spent the last year refining TT FX in a live production environment to ensure it meets the rigorous demands of the world’s most sophisticated desks. Traders can now execute FX the way they trade futures using the same tools, screens and algo workflow.
Bringing bank FX algos into the same dropdown as futures algos removes friction and makes cross-asset execution significantly more efficient. A trader can, for example, trade the U.S. versus Europe rates basis using Treasury and Bund futures while dynamically managing the EUR/USD exposure via our Autospreader, all within a single workflow. That simply wasn’t possible without stitching together multiple systems before. For many firms, this creates a clear path to consolidate FX into a unified trading environment.”
