Trading Technologies International, Inc. (TT) and Credit Suisse
Prime Services today announced that they have entered into a global
software licensing agreement in which Credit Suisse Prime Services
will make available TT´s high-speed X_TRADER(R) order-entry software
to its commodity prime services hedge fund customers and internal
trading desks in the Americas, Europe and Asia. This agreement will
allow Credit Suisse to meet increased demand for professional futures
trading software from buy-side firms and other high-volume derivatives
traders. Credit Suisse 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.
Credit Suisse will leverage TT´s fully managed hosting solution,
TTNET, to distribute X_TRADER. TTNET accelerates customer access to
international markets and provides a robust trading platform through
its full failover and disaster recovery data centers situated in
strategic locations close to the various exchanges. TT operates data
centers in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo
with plans to add additional facilities in Hong Kong and Sydney.
Salvatore Ventura, Head of the Services Organization for Credit
Suisse Prime Services, said, "Our major energy and commodity hedge
fund clients in prime services demand high performance trading
solutions and our partnership with TT enables us to provide an
additional solution to meet their demands. TTNET provides a high
performance solution that our customers require."
"We are very pleased to add Credit Suisse to our distribution
network. We look forward to collaborating with them as they use our
TTNET hosting solution to deploy TT´s X_TRADER platform to their
global prime services commodity hedge fund customers and internal
traders," said Harris Brumfield, CEO of TT.
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(R) software and related
services provide direct access to the major international derivatives
exchanges. X_TRADER 7.4, the current version of TT´s trading platform,
was named "Innovation of the Year" by FOW magazine and "Best Buy-Side
Commodities Trading Platform" by Buy-Side Technology magazine in 2007.
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.
About Credit Suisse
As one of the world´s leading banks, Credit Suisse provides its
clients with investment banking, private banking and asset management
services worldwide. Credit Suisse offers advisory services,
comprehensive solutions and innovative products to companies,
institutional clients and high-net-worth private clients globally, as
well as retail clients in Switzerland. Credit Suisse is active in over
50 countries and employs approximately 45,000 people. Credit Suisse´s
parent company, Credit Suisse Group, is a leading global financial
services company headquartered in Zurich. Credit Suisse Group´s
registered shares (CSGN) are listed in Switzerland and, in the form of
American Depositary Shares (CS), in New York. Further information
about Credit Suisse can be found at www.credit-suisse.com.
