.jpg)
Trading Technologies International, Inc. (TT), a global capital markets technology platform services provider, today announced that it has integrated with the EBS Market central limit order book (CLOB), a regulated, anonymous all-to-all matching platform. It also plans to offer EBS Direct, a relationship based disclosed platform, and CME Group's new FX Spot+ platform. With this new connectivity, TT is substantially expanding its FX liquidity alongside its award-winning futures and options offering.
Using the TT execution management system (EMS), market participants can now connect directly to EBS Market, where they can tap into one of the largest primary pools of liquidity, view prices, and trade spot FX and precious metals, and non-deliverable forwards (NDFs). As a leading EMS for trading CME Group's listed derivatives, and with other integrations underway, TT will be the first to offer the full complement of CME Group FX futures, options and cash over-the-counter (OTC) markets.
Tomo Tokuyama, TT's EVP & Managing Director, FX, said: "This integration is an important part of our TT FX build-out and gives our clients access to another Tier 1 venue with the ability to trade seamlessly across asset classes. EBS Market has long been the go-to venue for market-making banks to hedge their FX risk, and for other large FX market participants to access firm liquidity in an all-to-all CLOB. TT will give market participants the ability to trade CME Group FX futures and options, EBS Market, EBS Direct, FX Link and the recently launched FX Spot+, all side by side in one EMS."
"Recent market conditions have reinforced the importance of EBS' firm, no last look pricing, which provides foundational liquidity for spot FX and metals, as well as NDFs," said Paul Houston, Global Head FX Products at CME Group. "We are pleased that TT clients will now be able to access new trading opportunities across the full suite of CME Group FX cash, futures and options – all on a single platform."
TT has seen significant demand from both sell-side and buy-side clients looking to consolidate their platforms in order to streamline their trading and trade life cycle processes, as well as traders looking to use TT tools such as Autospreader® and ADL® across both futures and cash markets.
FX is the largest financial market in the world by trading volume and continues to grow, amplified even further by issues related to tariffs and global trade. As the "electronification" of FX markets continues and market participants increasingly look to leverage automation and algorithmic trading tools, TT FX is building on the venues and functionality available to clients to create new cross-trading opportunities and exposure across futures, spot and OTC markets.
