Trading Technologies International, Inc. (TT), a provider of high-performance professional trading software, and China Merchant Securities Hong Kong today announced China Merchants Securities Hong Kong and its affiliated companies (collectively known as “CMS (HK)”) are now participating brokers in TT’s global X_TRADER ASP service, formerly known as MultiBroker. Customers may select and route orders to CMS through TT’s global trading network, which provides direct market access (DMA) to 45 markets across five continents.
Stephen Chan, head of global commodities and deputy CEO at CMS, commented, “We are delighted to expand our execution services and relationship with Trading Technologies through TT’s X_TRADER ASP. We value this solution as one of the key trading platforms which CMS can offer to professional traders and our state-owned enterprise clients globally.”
“We are very pleased to welcome CMS into the X_TRADER ASP community,” said Robbie McDonnell, EVP global sales for TT. “Adding CMS, with their expertise in the Hong Kong and China markets along with a recently expanded footprint in the UK, will be a competitive advantage to us as we expand our customer base in China and the rest of Asia.”
With the addition of CMS, the X_TRADER ASP network now comprises more than 50 sell-side participants, including nine of the top 10 brokers by customer segregated funds. More than 200 buy-side firms are actively trading through X_TRADER ASP.
TT’s X_TRADER ASP solution, which launched in 2013, has seen considerable traction in Asia over the past year, extending from Singapore’s commodity and energy trading space into North Asia’s derivatives trading community. X_TRADER ASP provides DMA via multiple brokers from a single connection to TT’s TTNET™ global hosting solution, helping buy-side firms effectively manage and mitigate risk while retaining privacy with respect to strategies and open positions.
