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Trading Technologies to Provide Connectivity to GovEx

Connectivity to GovEx through X_Trader will allow users to trade U.S. Treasury securities.

Trading Technologies International (TT), a provider of derivatives trading software, will provide connectivity to GovEx, for U.S. Treasury securities, in the first half of 2013.

GovEx, a trading platform run by State Street's eExchange, offers anonymity and diverse liquidity for those seeking access to U.S. Treasury securities. Securities available on GovEx include highly-liquid on-the-run, when-issued and first-available off-the-run U.S. Treasury bills, notes and bonds.

Harris Brumfield, TT's chief executive officer said in a statement: “We are very pleased to offer connectivity to GovEx. We are confident TT end users will benefit from their deep markets and leverage X_TRADER’s suite of automated low-latency tools for lightning-fast execution.”

The new link to GovEx will give TT clients the ability to trade complex strategies across a range of U.S. Treasury securities and U.S. Treasury futures products. Clients using TT’s Autospreader spreading tool will have the option to execute intra-exchange and cross-market spreads through TT’s Strategy Engine (SE) execution servers, which minimize execution latency via proximity-based computing and co-location. The SE line includes highly scalable, high-performance products for algorithmic, synthetic and spread trading, according to TT.

With the GovEx connection, TT will provide access to more than three-dozen markets. TT will introduce support for GovEx and Eris Exchange concurrently, and both markets will be available through a single Eris/GovEx Gateway. The GovEx platform is part of State Street’s eExchange offering, which delivers advanced trading solution s for foreign exchange, futures, U.S. Treasuries, and the subscription and redemption of money market funds and exchange traded funds.

Customers will be able to trade GovEx and Eris Exchange through TT’s X_TRADER and other products, including the TT API and FIX Adapter API solutions. Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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