Expanding Futures Trading Connectivity
Trading Technologies International, Inc. (TT), a leading global provider of capital markets technology, is preparing to offer essential connectivity to the upcoming matching engine of the MIAX Futures Exchange, named MIAX Futures Onyx. This exciting development will enable seamless access for traders from the first day of its launch, ensuring smooth trading experiences through the well-regarded TT platform.
Support for Key Futures Products
With the introduction of Onyx, TT will facilitate trading in MIAX Futures' flagship product: the Minneapolis Hard Red Spring Wheat (HRSW) futures. The launch is anticipated in the second quarter of the year, and TT's continued commitment to the futures market is evident as they brace to support the introduction of additional products such as the new Bloomberg 500 Index futures later in the year, pending necessary approvals from authorities.
Client-Centric Solutions for Traders
Alun Green, who serves as TT's EVP Managing Director, Futures & Options, expressed enthusiasm for the collaboration, stating that the firm's clients eagerly await trading opportunities on the Onyx platform. He emphasized that TT has equipped their clients with advanced tools including execution algorithms and the Autospreader®, fostering a smooth transition for both outright and intercommodity spread trading as Onyx goes live.
Collaboration and Commitment to Innovation
Thomas P. Gallagher, the Chairman and CEO of Miami International Holdings, emphasized the importance of TT's participation in the enhancement of trading capabilities on the new Onyx trading platform. This partnership aims to ensure that traders maintain continuous access to key products, including both the Minneapolis HRSW futures and the anticipated B500 futures.
Robust Trading Infrastructure
The Trading Technologies platform has made significant strides, processing over 2.8 billion transactions in a recent year and delivering connectivity to more than 100 exchanges globally. Its comprehensive suite of tools includes services for trade execution and order management, market data solutions, analytics, trade surveillance, risk management, and infrastructure support, catering to major sell-side institutions, buy-side firms, and exchanges.
About Trading Technologies
Trading Technologies is recognized as a global leader in capital markets, providing cutting-edge technology solutions for the complete trading operations of various financial institutions, including Tier 1 banks and brokerages. As a Software-as-a-Service (SaaS) company, it emphasizes a multi-X approach, which caters to a broad range of asset classes, trading workflows, and geographical regions. The award-winning TT platform enables efficient trade execution across futures, options, fixed income, foreign exchange (FX), and more. Furthermore, it offers solutions for analytics, compliance, transaction cost analysis, and post-trade allocation services, showcasing its ability to innovate alongside exchanges and other technology firms.
Frequently Asked Questions
What is Trading Technologies' new initiative?
Trading Technologies is set to provide connectivity to the MIAX Futures Exchange's new Onyx matching engine.
When will the MIAX Futures Onyx platform launch?
The Onyx platform is expected to launch in the second quarter of the year.
Which products will be supported through Trading Technologies?
Trading Technologies will support trading of the Minneapolis HRSW futures and new Bloomberg 500 Index futures through the Onyx platform.
How many transactions does the TT platform handle?
The TT platform handled over 2.8 billion transactions in a recent year.
What type of clients does Trading Technologies serve?
Trading Technologies serves a wide range of clients including Tier 1 banks, brokerages, hedge funds, and proprietary traders.
