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Trading Technologies International, Inc. (TT), a global capital markets technology platform services provider, has announced integration with the EBS Market central limit order book (CLOB), a regulated, anonymous all-to-all matching platform. The company also plans to offer EBS Direct, a relationship-based disclosed platform, and CME Group's new FX Spot+ platform.
The integration substantially expands TT's FX liquidity alongside its existing futures and options offering. Using the TT execution management system (EMS), market participants can now connect directly to EBS Market to access liquidity, view prices, and trade spot FX and precious metals, as well as non-deliverable forwards (NDFs).
As a leading EMS for trading CME Group's listed derivatives, TT will become the first platform to offer the full complement of CME Group FX futures, options and cash over-the-counter (OTC) markets through ongoing integrations.
Tomo Tokuyama, TT's EVP & Managing Director, FX, said: "This integration is an important part of our TT FX build-out and gives our clients access to another Tier 1 venue with the ability to trade seamlessly across asset classes. EBS Market has long been the go-to venue for market-making banks to hedge their FX risk, and for other large FX market participants to access firm liquidity in an all-to-all CLOB. TT will give market participants the ability to trade CME Group FX futures and options, EBS Market, EBS Direct, FX Link and the recently launched FX Spot+, all side by side in one EMS."
Paul Houston, Global Head FX Products at CME Group, said: "Recent market conditions have reinforced the importance of EBS' firm, no last look pricing, which provides foundational liquidity for spot FX and metals, as well as NDFs. We are pleased that TT clients will now be able to access new trading opportunities across the full suite of CME Group FX cash, futures and options – all on a single platform."
TT has experienced significant demand from both sell-side and buy-side clients seeking to consolidate platforms to streamline trading and trade lifecycle processes. Traders are also looking to use TT tools such as Autospreader® and ADL® across both futures and cash markets.
Foreign exchange represents the largest financial market globally by trading volume and continues to grow, amplified by issues related to tariffs and global trade. As electronification of FX markets advances and market participants increasingly leverage automation and algorithmic trading tools, TT FX is expanding venues and functionality to create cross-trading opportunities across futures, spot and OTC markets.
Trading Technologies is a global capital markets platform services company providing technology for end-to-end trading operations of Tier 1 banks, brokerages, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers.
