Trading Technologies (TT) and UBS say they have entered into a global software licensing agreement in which UBS will make available TT’s high-speed X_TRADER order-entry software to its customers and internal trading desks in the Americas, Europe and Asia.
This agreement will allow UBS to meet increased demand for professional futures trading software from buy-side firms and other high-volume derivatives traders. UBS customers will have access to TT's X_TRADER order-entry software platform and technology solutions including TT's FIX connectivity and high-speed exchange gateways.
UBS intends to utilise TT's hosting solution, TTNET to deploy X_TRADER throughout the Americas, Europe and Asia. TTNET accelerates customer access to international futures markets and increases trading platform stability through its fully redundant data centres situated in strategic locations close to the various exchanges. TT operates data centres in Chicago, New Jersey, London, Frankfurt, Tokyo and Singapore with plans to open additional facilities in Hong Kong and Sydney in 2007.
Clark Hutchison, UBS global co-head of exchange traded derivatives, says, "This agreement highlights our commitment to provide our clients with leading electronic trading solutions; we are pleased to be able to offer to our clients the high-speed trading capabilities of the Trading Technologies interface."
"As part of our core technology suite, distributing TT's software through TT's hosting solution will help enable us to meet the technological needs of our institutional and hedge fund clients," says Bill Templer, UBS global co-head of exchange traded derivatives.
"We look forward to working with UBS to distribute TT's X_TRADER platform to their global customers and internal traders via TTNET," says Harris Brumfield, CEO of Trading Technologies.