Trading Technologies International, Inc. (TT) today announced it has become the first independent software vendor (ISV) to pass conformance with CME Europe, a new London-based futures exchange and wholly owned subsidiary of CME Group that is scheduled to launch September 9, 2013, pending regulatory approval. TT will provide "day one" access to CME Europe, which will offer trading of FX futures and other products through the CME Globex(R) electronic trading platform.
"As we work our way through the approval process, we are excited at the feedback and input from the marketplace ahead of our launch," said Robert Ray, Chief Executive Officer of CME Europe. "Having Trading Technologies now ready and able to provide its services for our prospective clients in Europe and Asia on day one is an important step for our upcoming launch."
"We will give our clients the ability to trade CME Europe through X_TRADER(R) at no additional cost on day one. We expect this new exchange from CME Group will provide our broad international client base with interesting new opportunities to hedge and manage risk, and we look forward to the launch," said Harris Brumfield, CEO of Trading Technologies.
TT clients based outside the U.S. will be able to trade all contracts listed on CME Europe through TT's full suite of products and tools, including X_TRADER, the ADL(TM) visual programming platform for automated trading and the TT API and FIX Adapter application programming interfaces (APIs). Firms may host gateways internally or outsource connectivity to TTNET(TM), TT's fully managed hosting solution. CME Europe also will be accessible through TT's new MultiBroker ASP solution, which is currently in beta.