TT Adds Multi-Leg Spread Execution Algo
Posted by Colin Lambert. Last updated: April 22, 2024
Trading Technologies (TT) has introduced a new algo order type, TT Splicer, which it claims is “industry first functionality” for synthetic multi-leg spread trading.
The firm says the new functionality enables users to leverage its Autospreader application to create a synthetic multi-leg instrument on any exchange – even if the exchange doesn’t list those products – and then utilise one of TT’s built-in algos to manage order execution. The Splicer coordinates leg execution across co-located servers and tracks all fills in real time, while dynamic custom ratios continuously balance risk, the firm adds.
“Our execution algo suite has gained popularity throughout the world for the ability to provide cutting-edge, low-latency execution across listed derivatives, equities, fixed income and FX,” says TT COO Justin LLewellyn-Jones. “The launch of TT Splicer is illustrative of our commitment to continuously improve on the functionality and breadth of the suite and our TT platform.”