Brazilian bank Votorantim Corretora selects Trading Technologies' TTNET™

Harris Brumfield, CEO, Trading Technologies

“We are excited to have a firm of Votorantim’s caliber join our growing list of Brazil-based TTNET firms."

Votorantim Corretora, a subsidiary of Banco Votorantim, the privately-owned Brazilian bank, and Trading Technologies International, the provider of order-entry software and solutions for professional derivatives traders, have announced that Votorantim has selected TT's low-latency, fully managed hosting solution, TTNET, to provide access to BM&FBOVESPA for institutional clients and internal execution desks.

Votorantim will leverage TT's suite of order-entry software and server-based algorithmic execution tools through TTNET's proximity hosted architecture. TT's BM&FBOVESPA gateways and server-based engines are colocated with the exchange's matching engine to provide a "north-to-south" and "south-to-south" trading experience.

Votorantim General Manager, Ricardo Braga, said, "The partnership with TT is a differentiator in the marketplace, ensuring our leading position among institutional clients who trade derivatives and require superior technology, and performance."

TTNET accelerates customer access to geographically diverse international futures markets and increases trading platform stability through its high-performance, resilient data centers. TTNET's architecture enables firms to minimize latency by hosting TT's high-speed exchange gateways and server-based execution tools as close to the exchange matching engines as possible. TTNET operates data centers in Chicago, New Jersey, London, Frankfurt, Tokyo, Singapore, Sydney and São Paulo.

TT's SE execution platform aims to enable traders to trade from virtually anywhere in the world without experiencing the latency typically associated with remote trading. TT's SE family currently includes two products, Autospreader® Strategy Engine and Synthetic Strategy Engine. TT expects to launch its third SE product, Algo Strategy Engine, along with its ADL™ (Algo Design Lab) visual programming platform and X_TRADER 7.11 in late 2011.

Harris Brumfield, CEO of Trading Technologies, said, "We are excited to have a firm of Votorantim's caliber join our growing list of Brazil-based TTNET firms. Brazil is an essential part of our global strategy and we look forward to working closely with Votorantim to distribute TT's X_TRADER order-entry software and API solutions to their institutional client base and internal execution desks."