Trading Technologies Connects to Spain´s MEFF Exchange
Trading Technologies International, Inc. (TT) today announced that TT´s X_TRADER® derivatives trading platform is now connected to Spain´s MEFF (Mercado Español de Futuros Financieros) exchange. TT customers can trade a broad array of futures and options products listed on MEFF, including:
- IBEX 35 Equity Index Futures
- IBEX 35 Mini Futures and Options
- Single Stock Futures and Options
"With this new high–performance connection to MEFF, TT provides its customers with another venue for trading and risk management. We are very pleased to offer support for MEFF on the X_TRADER platform," said Harris Brumfield, CEO of TT.
Fernando Centelles, MEFF´s CEO, said, "TT´s connection MEFF will provide MEFF´s members and large international investment groups interested in trading on the Spanish derivatives market with increased technological standardization and efficiency for the global market."
MEFF reported trading of 6.5 million contracts in October 2008, up 50 percent from October 2007. The exchange´s trading volume for the first ten months of 2008 totaled 68.1 million contracts, up 75% from the same period in 2007.
With the launch of its MEFF gateway, TT now offers connectivity to 23 markets in North America, South America, Europe, the Middle East and the Asia/Pacific region. TT customers can choose to host gateways internally or outsource connectivity to TTNET TM, TT´s fully managed hosting solution.
TT´s ultra–fast, reliable exchange connections enable trading of the world´s major futures exchanges as well as OTC energy, fixed income and other instruments. All TT gateways are accessible from TT´s X_TRADER order–entry software. The gateways also will connect through TT´s X_TRADER API and FIX Adapter to third–party, proprietary and black–box trading applications.
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) develops high–performance trading software for derivatives professionals, including the world´s premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company´s X_TRADER® software and related services provide direct access to the major international derivatives exchanges. X_TRADER 7.4 was named "Innovation of the Year" by FOW magazine in 2007 and "Best Buy–Side Commodities Trading Platform" by Buy–Side Technology magazine in 2007 and 2008. TTNET TM, TT´s fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago, Trading Technologies maintains a global presence with offices in New York, Stamford, Houston, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. Chicago magazine named TT the best technology company to work for and ranked TT third among all Chicago area employers. TT also received the prestigious Lighthouse Award from the Illinois Information Technology Association (ITA) in 2006 as the leading technology company in Illinois and was named Technology Company of the Year by FOW magazine in 2008.