Macquarie Bank selects Trading Technologies TTNET
First Published 27th June 2012
Trading Technologies' TTNET announces new client win for distribution of X_TRADER software
Harris Brumfield, CEO, Trading Technologies
"We are very pleased to be expanding our relationship with Macquarie on a global level."
Chicago - Macquarie Bank's Futures Division has selected Trading Technologies low-latency, fully managed hosting solution. TTNET will provide access to the derivatives markets for institutional clients and internal execution desks. Macquarie will leverage TT's order-entry software and server-based algorithmic execution tools, including the ADL™ (Algo Design Lab) visual programming platform for algorithmic strategy creation, through TTNET's proximity hosted architecture.
Harris Brumfield, CEO of Trading Technologies, said, "We are very pleased to be expanding our relationship with Macquarie on a global level. We believe our high-performance hosting and software solutions will be instrumental in helping Macquarie aggressively pursue new growth opportunities in the U.S., Europe and Asia as well as in their native Australia."
Macquarie Global Head of Futures Bill Marynissen said the appointment of TT was prompted by growth in Macquarie's worldwide 24-hour futures business. "The technology will be initially rolled out in the U.S., and is expected to be followed by implementation in London, Asia and Australia," he said.