Trading Technologies

From MarketsWiki

Trading Technologies International, Inc. (TT)
Founded	1994
Headquarters	Chicago, IL USA
Key People	Harris Brumfield, CEO
Employees	600+
Products	trading software
Web site	www.tradingtechnologies.com

Trading Technologies International, Inc. (TT) is an independent software vendor that develops high-performance trading software for active derivatives professionals.^[1] Customers include international banks, brokers, hedge funds, proprietary traders and other trading institutions.

The company is headquartered in Chicago and has offices in New York, Stamford, Houston, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney.

Contents 1 Products and Services 2 Exchange Connections 3 History 4 Key People 5 News 6 References

Products and Services

TT's flagship X_TRADER order entry platform is a widely-used platform that connects traders with the world's largest derivatives exchanges. It incorporates single-click trade execution and high-speed connections to the world's busiest futures exchanges and offers real-time fill and position details. The latest version of this trading platform is called X_TRADER 7. TT patented its MD Trader, a vertical market depth display that allows immediate interaction to market ebb and flow.

In 2007, X_TRADER was named "Innovation of the Year" by FOW magazine and "Best Buy-Side Commodities Trading Platform" by Buy-Side Technology Magazine.^[2]

Other key products include Autospreader, Autotrader and X_STUDY.

Exchange Connections

BM&FBOVESPA BrokerTec CBOE Futures Exchange (CFE) Chicago Climate Futures Exchange (CCFE) CME Group (including the former Chicago Board of Trade and the Chicago Mercantile Exchange) Dubai Mercantile Exchange (DME) Eurex European Climate Exchange (ECX) Frankfurt Stock Exchange (Xetra) ICE Futures IntercontinentalExchange (ICE) Kansas City Board of Trade (KCBT)

Liffe Mercado Español de Futuros Financieros (MEFF) Minneapolis Grain Exchange (MGEX) Montréal Climate Exchange Montréal Exchange (MX) New York Commodities Exchange (COMEX) New York Mercantile Exchange (NYMEX) NYSE Liffe Singapore Exchange (SGX) Sydney Futures Exchange (SFE) US Futures Exchange (USFE)

TT plans connections to additional exchanges soon, including Borsa Italiana (IDEM), London Metal Exchange (LME), Mexican Derivatives Exchange (MexDer), Osaka Securities Exchange (OSE), Tokyo Commodity Exchange (TOCOM) and Tokyo Financial Exchange (TFX).^[3]

History

Trading Technologies was established in 1994 in Frankfurt, Germany. Its founder was Gary Kemp, who was the company's first chief executive officer. Kemp stepped down from TT in August of 2002.^[4] He was replaced by former Apple engineer Chris Derossi. After Derossi held the spot for only five months, Harris Brumfield took over the position.^[5]

Brumfield, a former floor trader who switched to trading on the screen in 1997, pioneered electronic trading at TT - first as a customer, then as its largest shareholder, and eventually as its CEO.

Since Brumfield assumed the CEO post at the firm in January 2003, TT has increased its exchange connections, expanded its international presence with new offices in North America, Europe, Australia and Asia, added significant engineering resources and leadership to enhance its technological leadership, forged many new global customer partnerships and increased its visibility on a national and international scale.

In 2002, TT experienced record growth, and was noted by Securities Week as the first futures ISV to record a profit and achieve sustainable financial success.^[6]

The ability to grow revenues on a record basis while consistently increasing profitability earned TT a spot five times on the annual Deloitte & Touche Fast 50, which ranked the fastest growing Chicago area technology firms. TT was honored by the listing most recently in 2004 when TT saw 5-year percent growth of 318 percent. Deloitte has not published a new list since 2004.^[7]

In 2006, TT received the Lighthouse Award from the Illinois Information Technology Association (ITA) as the leading technology company in Illinois.^[8]

In June 2008, TT was named "Technology Provider of the Year" by FOW Magazine.

TT invests heavily in providing exceptional benefits, compensation and perks for its employees. In 2004 the company was ranked as the top software company to work for in the Chicago area by Chicago Magazine and ranked the #3 best company to work for overall.^[9]

Key People

• Harris Brumfield - Chief Executive Officer
• Steve Borsand - EVP Intellectual Property
• Doug Duquette - EVP Development/CTO
• Tim Geannopulos - EVP Global Sales
• Chris Haworth - VP Global Support Services
• Roger Mills - VP Finance/Controller
• Farley Owens - EVP Product Management and Marketing
• Russ Rausch - EVP Global Buyside Sales, Managing Director New York
• Mike Ryan - EVP General Counsel

News

References

1. ↑ About Trading Technologies. Trading Technologies. Retrieved on January 3, 2008.
2. ↑ Technology Innovation of the Year. Goliath. Retrieved on February 26, 2008.
3. ↑ About Trading Technologies. Trading Technologies. Retrieved on January 3, 2008.
4. ↑ TT History. Trading Technologies. Retrieved on February 14, 2008.
5. ↑ "Against The World". Trader Monthly. Retrieved on February 14, 2008.
6. ↑ Trading Technologies Company Backgrounder. Trading Technologies. Retrieved on February 22, 2008.
7. ↑ Deloitte & Touche:The 2004 Fast 50. Deloitte & Touche. Retrieved on February 22, 2008.
8. ↑ Press Release. Trading Technologies. Retrieved on February 22, 2008.
9. ↑ Chicago Magazine Lists Top 25 Local Workplaces. NBC 5. Retrieved on February 22, 2008.