TP ICAP to Replace 85 Trading Screens With Trading Technologies OMS


TP ICAP, the world’s largest interdealer broker, has entered into a multi-year agreement with Trading Technologies whereby TP ICAP will utilize TT’s new Order Management System (OMS) solution, thus replacing 85 trading screens in London, Paris, and New York with TT’s award-winning TT Pro trading screen.

The deal will have TP ICAP’s IS brokers using all of the TT OMS advanced order handling and post-trade allocation features to optimize their order executions and reporting. In addition, the Advanced Options Package for options trading and analytics and direct ultra-low-latency access to the major derivatives markets across six continents are included in the agreement.

Michael Kraines, President and CFO of Trading Technologies, said: “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.”

John Ruskin, CEO, Institutional Services, TP ICAP, said: “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.”

Trading Technologies has most recently partnered with Huatai Futures to provide connectivity to the Chinese international derivatives markets through the TT platform. Huatai’s global customers will be able` to trade Chinese international derivatives products listed on the China Financial Futures Exchange (CFFEX), Dalian Commodities Exchange (DCE), Shanghai Futures Exchange (SHFE), Shanghai International Energy Exchange (INE) and Zhengzhou Commodity Exchange (ZCE) via the TT `platform.

In late 2019, Trading Technologies became available to SBI Thai Online clients. The Bangkok-based broker and subsidiary of SBI Group started to provide international clients with access to the Thailand Futures Exchange (TFEX) via the exchange’s proprietary EMAPI API from within FEX’s SET Data Center in Bangkok. Its client base gained access to TT’s full range of professional trading tools, including Autospreader, ADL, and APIs. The firm offers trading software, infrastructure, and data solutions for proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers, and risk managers. TT also offers domain-specific technology for cryptocurrency trading and machine-learning tools for trade surveillance.

The Chicago-based firm has hired two new executives to serve in senior-level leadership roles. Russ Cotton and Craig Mohan are covering the roles of Chief Operating Officer and Chief Growth Officer, respectively.

In October 2019, Trading Technologies made available all derivative products listed on the Johannesburg Stock Exchange (JSE) Derivatives Market on the TT platform. Also that year, the firm expanded its execution and client connectivity services through the ICE Data Services European Liquidity Center (EULC) in Basildon, UK. The expansion gives access to trade 55 markets through the TT platform but clients also have the option to run their own TT platform components on private infrastructure in the data center through TT Prime.