Johannesburg Stock Exchange

Trading Technologies Integrates South Africa’s Equity Derivatives Market on Platform

TT PrimeThe global provider of high-performance professional trading software, infrastructure and data solutions has made available all derivative products listed on the Johannesburg Stock Exchange (JSE) Derivatives Market on the TT platform.

JSE’s Equity Derivatives Market, formerly known as the South African Futures Exchange (SAFEX), will be accessible to clients through TT’s platform, which includes a full suite of tools such as functionality for charting and analytics, mobile trading, options, FIX services and API development, to trade equity and currency derivatives, including futures and options.

Steve Stewart, Managing Director, Sales EMEA, at Trading Technologies, said: “Our decision to connect to the Johannesburg Stock Exchange Derivatives Markets was driven by some of our largest institutional clients, including several tier-one global banks that are already using our FIX-as-a-Service offering for expanded market access via FIX protocol. Though direct interest in the JSE is strongest amongst our sell-side clients, we expect to see takeup across all of our customers
segments, including buy-side and proprietary trading firms.”

TT delivers secure market access to professional traders from anywhere in the world who can leverage TT’s customizable tools to accommodate trading strategies that range from manual point-and-click trading to low-double-digit microsecond automated order entry.

The firm has recently 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.

Trading Technologies has recently made connectivity to CoinFLEX, a physically delivered bitcoin futures exchange, available to eligible professionals and retail traders outside the U.S. through its
platform. TT is among a group of renowned investors who backed CoinFLEX, including Digital Currency Group, Polychain, and Roger Ver.

In December 2018, Chief Executive Officer Rick Lane was appointed the chairman of the company’s board of directors in order to succeed outgoing chairman Harris Brumfield. Under the leadership of Rick Lane, TT progressed from a screen-driven business to one that provides professional-grade trading tools, data solutions, and market infrastructure services.

TT brought the digital currency market to the institutional level by launching a cryptocurrency version of its high-performance trading platform. The new platform allows both spot and derivative markets trading side by side, with access to a market-leading suite of charting and automated trading tools as well as market data. The professional platform costs customers $400 a month.