Trading Technologies Set to Launch MIAX Futures Onyx Connectivity
Trading Technologies to Enhance Connectivity with MIAX Futures
Trading Technologies International, Inc. (TT), a prominent player in the capital markets technology sector, is thrilled to announce that it will provide day-one connectivity for the MIAX Futures Exchange's new matching engine, MIAX Futures Onyx. This is a significant step for TT as they prepare for the launch, delivering seamless and efficient trading solutions through the TT® platform.
Support for Upcoming Futures Products
As part of this initiative, TT will support the trading of MIAX Futures' flagship product, the Minneapolis Hard Red Spring Wheat (Minneapolis HRSW) futures. The launch is slated for the second quarter of 2025, and it symbolizes a new chapter in trading for professional institutions and traders. Furthermore, TT is eager to expand its offerings by incorporating new Bloomberg 500 Index futures that MIAX Futures aims to introduce in the latter half of 2025, contingent upon necessary regulatory filings with the Commodity Futures Trading Commission (CFTC).
Insights from Key Leaders
Alun Green, TT's EVP Managing Director of Futures & Options, expressed excitement about the launch, stating, "Our clients are keenly interested in trading futures on MIAX Futures' new Onyx trading platform, so we're delighted to ensure that leading institutions and professional traders will have ready access from the TT platform on the first day of trading." He emphasized the necessity for a smooth transition for outright and intercommodity spread trading onto Onyx utilizing their advanced tools, including the execution algos and Autospreader®.
Collaboration with MIAX Futures
Thomas P. Gallagher, the Chairman and Chief Executive Officer of Miami International Holdings, Inc., shared similar enthusiasm. He noted, "We are pleased that TT will be offering connectivity to our new Onyx trading platform when it launches in Q2 2025. Our collaboration with TT is an important initiative that will help ensure that our clients have uninterrupted access to Minneapolis HRSW futures, as well as the new B500 futures expected to launch in H2 2025." This collaboration showcases the commitment from both companies to facilitate efficient trading experiences for their clients.
The TT Platform's Capabilities
The TT platform is poised to handle over 2.8 billion transactions in the coming year and currently connects with more than 100 global exchanges and liquidity venues. This broad connection not only represents TT's extensive reach but also highlights their capability to deliver advanced tools for trade execution, order management, market data solutions, and risk management. The platform services a diverse clientele, including leading sell-side institutions, buy-side firms, and exchanges worldwide.
About Trading Technologies
Trading Technologies is well-known for its market-leading technology tailored for the comprehensive trading operations of various financial entities such as Tier 1 banks, brokerages, hedge funds, and proprietary traders. The company’s robust Software-as-a-Service (SaaS) model facilitates a multi-X approach, which encompasses multiple asset classes and functionalities. By delivering trade execution services across numerous financial markets, including futures, options, and cryptocurrencies, it empowers its users with powerful solutions for analytics, compliance, and post-trade processes.
Frequently Asked Questions
What is the significance of MIAX Futures Onyx for Trading Technologies?
The launch of MIAX Futures Onyx signifies a collaboration that provides seamless connectivity to traders using the TT platform, enhancing their trading capabilities significantly.
When is the MIAX Futures Onyx expected to launch?
The MIAX Futures Onyx is anticipated to launch in the second quarter of 2025, marking a pivotal moment for futures trading.
What types of products will be available through this new platform?
Initially, futures trading will include the Minneapolis HRSW and later expand to include new Bloomberg 500 Index futures.
How does Trading Technologies support traders?
Trading Technologies offers advanced tools for execution, order management, analytics, and risk management to facilitate efficient trading.
Who are the primary users of the Trading Technologies platform?
The platform serves a wide array of clients, including Tier 1 banks, brokerages, hedge funds, and proprietary traders, among others.
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