Trading Technologies Contracts with BGC Partners for Global Implementation of TT® OMS
July 07 2020 - 7:00AM
Business Wire
Trading Technologies International, Inc. (TT), a global provider
of high-performance professional trading software, infrastructure
and data solutions, today announced they have signed up BGC
Partners, Inc. (NASDAQ: BGCP) (BGC), a leading global brokerage and
financial technology company, to utilize TT’s new Order Management
System (OMS) solution when it is launched in September 2020. The
arrangement will extend BGC’s usage of the TT execution management
system (EMS) and for the first time make TT’s full-featured,
full-service OMS product available to all BGC brokers worldwide. As
a result, BGC’s brokers will use all the TT OMS advanced order
handling and post-trade allocation features to optimize their order
executions and reporting.
“We are delighted to partner with TT to offer more innovative
solutions to our clients. The new TT OMS solution will enable us to
deliver an even more efficient response to our clients’
requirements as we continue to grow our business and take it to the
next level,” said Jean-Pierre Aubin, Executive Managing Director
and Global Head of Listed Products at BGC.
“We are very pleased to be expanding our long-standing
relationship with BGC with the provision of our new fully
integrated OMS solution. Through this global agreement, every BGC
broker will gain the ability to seamlessly utilize our fully
integrated EMS and OMS offerings on one screen for the first time.
As a result BGC gains the benefits of distinct cost, workflow and
execution efficiencies across their entire enterprise,” said
Michael Kraines, President and CFO of Trading Technologies.
“This partnership with BGC represents both a meaningful
expansion of the suite of tools available to all TT customers as
well as evidence of the type of growth empowered by the TT
platform. We look forward to taking this next step with our
partners at BGC as well as continuing to explore how we can help
them grow their business,” said Jason Shaffer, Chief Product
Officer of Trading Technologies.
Key capabilities of TT OMS include:
- FIX integration with any upstream or downstream system
- Simple and complex care order (high-touch) workflows
- Pre-execution multi-broker allocations
- Post-trade multi-account allocations
- Custom and scheduled client recap reporting
- Order passing, importing and execution sharing
- Alerting and monitoring tools for both order and market events
as well as error handling
- Aggregated positions and order book for real-time risk
management
- Integrated surveillance solution with TT® Score
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com,
@Trading_Tech) creates professional trading software,
infrastructure and data solutions for a wide variety of users,
including proprietary traders, brokers, money managers, CTAs, hedge
funds, commercial hedgers and risk managers. In addition to
providing access to the world’s major international exchanges and
liquidity venues via its TT® trading platform, TT offers
domain-specific technology for cryptocurrency trading and
machine-learning tools for trade surveillance.
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version on businesswire.com: https://www.businesswire.com/news/home/20200707005146/en/
For TT: Lorna Kiewert 3Points Communications (312)
725-7950, Ext. 1 Lorna@3ptscomm.com
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