Trading Technologies (TT) has launched its MultiBroker trading solution for buy-side derivatives trading, after extensive beta testing.
MultiBroker gives buy-side traders direct market access through multiple brokers via a single X-Trader Pro or API connection to the company's TTNET hosting solution.
TT said the system, which has been added to its existing technology platform, will enable buy-side firms to mitigate risk by accessing and managing multiple brokers from a single platform. It will also help the buy-side enhance privacy regarding their intentions and total positions, it claims.
Sell-side firms will be able to differentiate themselves on the platform through rates and margins, research, regional expertise and more.
The system has been in beta testing since January with a small number of international buy-side firms and eight brokers.
Harris Brumfield, CEO of TT, said: "Multibroker is the biggest enhancement ever made to the TT platform. We listened closely to both the buy-side and sell-side over many years, worked hard to deliver the performance and reliability users expect from TT, and leveraged proven technology to provide this capability seamlessly in our existing platform."
All of the markets, exchanges and applications offered by TT are available through MultiBroker.