Trading Technologies International

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Trading Technologies International, Inc. (TT)
TT.jpg
Founded 1994
Headquarters Chicago, IL, USA
Key People Rick Lane, CEO; Michael Unetich, Vice President for Cryptocurrencies
Employees 350+
Products Professional trading software
Twitter @Trading_Tech
LinkedIn Profile
Facebook TradingTechnologies
Website tradingtechnologies.com
Releases Company News
Blog Trade Talk

Trading Technologies International, Inc. is an independent software vendor that provides trading software for professionals.[1] Customers include international banks, brokers, hedge funds, proprietary traders and other trading institutions.[2]

The company is headquartered in Chicago and has offices in New York, Stamford, Houston, São Paulo, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo, Sydney and Pune, India.[3]

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Partnerships

Trading Technologies partnered with Coinbase/GDAX in January 2018 to expand its services to include cryptocurrency trading. [4] It launched TT Crypto, a free service, in May of that year. On August 5, 2019, Trading Technologies informed its customers that it would discontinue the service on Friday afternoon, August 9. The service failed to attract retail trading customers. Customers were directed to Trading Technologies' pay platforms which connect to Coinbase.[5]

In July 2018, Trading Technologies announced that it had partnered with the UK-based cryptocurrency exchange operator Coinfloor in order to fight crypto market manipulation on Coinfloor's trading platform by leveraging its "Score" technology.[6]

In April 2019, Trading Technologies announced a new partnership with HDR Global Trading, owner of the Hong Kong-based cryptocurrency derivatives trading platform BitMEX. Trading Technologies said in a blog post that through this partnership Trading Technologies's users eligible to trade at BitMEX will have full access to BitMEX's products, including its XBT/USD Perpetual Swap. Arthur Hayes, the CEO of BitMEX, said that this new partnership will "advance our mutual vision to unlock access to cutting-edge cryptocurrency products."[7][8]

The next month Trading Technologies announced that it had connected to CoinFLEX, a Singapore based trading platform in which it, along with CoinFloor and others, holds a stake. CoinFLEX, like BitMEX, offers derivatives but unlike BiTMEX its products call for s physical delivery on some derivatives.[9]

Score

Score is a specialized software program that uses computer algorithms and artificial intelligence (AI) to monitor trading behavior within Trading Technologies' platforms. This fintech innovation provides tools for notifying regulators and compliance staff of Trading Technologies when such behavior is detected, including breaking the data of the behavior down into simplified reports. It also includes protocols for tracking and reacting to manipulative or disruptive market behavior for which there is little or no clear regulation, making it highly applicable to cryptocurrency markets.[10]

References