Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, has announced that it will introduce connectivity to the Hong Kong Futures Exchange Limited (HKFE) in the second quarter of 2014. One of the largest derivatives exchanges in Asia by volume and a wholly owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), HKFE is home to futures and options on the benchmark Hang Seng and Hang Seng China Enterprises, or H-shares, indexes, a wide range of stock options and Renminbi Currency Futures.
“We welcome TT’s plan to introduce connectivity to HKFE, which will give its large pool of clients easy access to a high-performance connection for trading Asian derivatives listed on HKFE from anywhere in the world,” said Calvin Tai, HKEx’s Co-head of Equities & Fixed Income & Currency.
Rick Lane, CEO of Trading Technologies, said, “The Asian derivatives markets, and in particular China, had a strong 2013. HKEx is increasingly positioning itself to be the gateway to China for foreign investors, so connectivity to HKFE certainly has broad appeal to our global customer base.”
Robbie McDonnell, VP Managing Director of Asia Pacific for TT, commented, “The addition of HKFE further strengthens our Asian derivatives offering and gives us a foothold as we continue to expand our presence in Asia, especially within China. Eight of the top 15 derivatives exchanges in the world are based in the Asia-Pacific region, and we will continue to make it an important priority as we expand our global market connectivity. The response from our customers has been overwhelmingly positive. In fact, many are already asking us how they can gain access to the new connection.”
TT customers will be able to enter and manage trades on HKFE using TT’s full suite of products, including X_TRADER®, the ADL® visual programming platform for automated trading, and the TT API and FIX Adapter API solutions. In addition, customers using TT’s Autospreader® tool will be able to execute through TT’s Strategy Engine (SE) execution servers, which minimize execution latency via proximity-based computing and co-location. The SE line includes highly scalable, high-performance products for algorithmic, synthetic and spread trading.
With the HKFE connection, TT will expand its market connectivity offering to provide access to 43 markets. Firms will be able to access HKFE through internally hosted gateways or through TT’s TTNET™ global hosting solution.
HKFE access also will be supported by TT’s MultiBroker offering, which was named “Best New Product, Connectivity” at the 2013 FOW Asia Awards, “Best New Technology Product-Trading and Execution” at the 2013 FOW International Awards and “Best Trading and Execution Technology” at the 2014 CTA Intelligence Services Awards.
TT recently announced plans to introduce a cloud-based trading platform for professional futures traders. The platform, which TT is calling Nextrader, is a trading ecosystem that enables a streamlined, go-anywhere experience, while also offering significantly faster performance and power where it matters. TT expects to provide connectivity to HKFE through the new platform, which is expected to launch later this year.