TT Expands FX Offering

Trading Technologies International has unveiled an expansion to its FX offering beyond spot markets, marking the first major FX addition to the platform since it added the asset class in 2023.

The expanded offering sees TT add forwards, NDFs and swaps to its product suite, the firm says it also adds liquidity from bank and non-bank liquidity providers alongside previously supported primary FX venues and ECNs. It adds that the expansion allows clients to source a much deeper pool of liquidity and trade FX, futures and precious metals from a single, unified interface within TT’s execution management system (EMS) either directly or via bank algorithms.

The expanded offering also includes integrated order types that allow traders to access embedded bank algos, exchange-native order types and TT’s proprietary synthetic order types from a single consistent interface. The Autospreader feature enables simultaneous pricing, execution and hedging of all legs to lock in the real economic spread without taking currency risk, the firm asserts, adding that dedicated FX liquidity ladders and FX tile widgets are designed specifically for the high-velocity requirements of currency markets.

All trades execute via TT’s network of co-located servers, and a single post-trade drop copy across OTC and exchange-traded products provides a single, streamlined interface to FX prime brokers, risk management and back-office systems.

“Our goal was to make FX a natural extension of the trading workflow, not a separate system,” explains Tomo Tokuyama, EVP and managing director, FX at TT. “We’ve spent the last year refining TT FX in a live production environment to ensure it meets the rigorous demands of the world’s most sophisticated desks. Traders can now execute FX the way they trade futures using the same tools, screens and algo workflow.

“Bringing bank FX algos into the same dropdown as futures algos removes friction and makes cross-asset execution significantly more efficient,” he continues. “A trader can, for example, trade the US versus Europe rates basis using Treasury and Bund futures while dynamically managing the EUR/USD exposure via our Autospreader, all within a single workflow. That simply wasn’t possible without stitching together multiple systems before. For many firms, this creates a clear path to consolidate FX into a unified trading environment.”