SEB and Trading Technologies Enter into Global Software and TTNET™ Distribution Agreement
Business Wire, Dec 01, 2009
CHICAGO & STOCKHOLM — Skandinaviska Enskilda Banken (SEB) and Trading Technologies
International, Inc. (TT) announced today that they have entered into a
global software licensing and TTNET distribution agreement in which SEB
will make available TT’s high-speed X_TRADER order-entry
software to its institutional client base and internal trading desks
globally.
This agreement will allow SEB to expand its core electronic trading
business by enabling clients to access TT’s X_TRADER order-entry
software platform and technology solutions including TT’s FIX
connectivity and high-speed exchange gateways. TTs platform will be
integrated with SEBs proprietary third-party applications and back
office systems, providing a robust full-service derivatives trading
experience.
SEB will leverage TTs fully managed hosting solution, TTNET, to
distribute X_TRADER. TTNET accelerates customer access to international
futures markets and increases trading platform stability through its
fully redundant data centers situated in strategic locations close to
the various exchanges. TT operates data centers in Chicago, New Jersey,
London, Frankfurt, Tokyo and Singapore with plans to open additional
facilities in other major derivatives exchange hubs.
Steve Martin, SEBs Global Clearing Manager, said, Partnering with TT
solidifies our commitment to providing the reliable and robust
technology solutions our high frequency institutional clients demand.
SEB intends to fully leverage TTNETs unique proximity hosting solution
so that our clients can execute trades as close to the exchange matching
engines as possible. Our aim is to enhance further our already high
execution ranking on all major exchanges.
Harris Brumfield, CEO of Trading Technologies, said, We look forward to
working closely with SEB to distribute X_TRADER to their growing
customer base via TTNET. SEB’s dedication to offering best-of-breed
technology solutions to the institutional trading community makes them
an ideal partner.
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com)
develops high-performance trading software for derivatives
professionals, including the worlds premier investment banks,
proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge
funds and other trading institutions. The companys X_TRADER
software and related services provide direct access to dozens of the
major international derivatives exchanges. TTNET, TT’s fully managed
hosting solution, delivers maximum system stability and fast trade
execution via hubs located close to the major exchanges in Chicago, New
Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago
with 11 offices globally, TT has received best in class awards from
numerous independent third parties including FOW, Buy-Side
Technology, The Technical Analyst and Chicago magazines as
well as the Illinois Information Technology Association (ITA).
About SEB
SEB is a North European financial group serving some 400,000 corporate
customers and institutions and five million private individuals. SEB
offers universal banking services in Sweden, Germany and the Baltic
countriesEstonia, Latvia and Lithuania
australia online electronics
Dec 7, 2009
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