Trading Technologies International, a provider of technology to the capital markets, has entered the foreign exchange industry with the creation of its new business unit, TT FX, which will enter the market in phases.
Initially, with its first phase launching later this year, the TT will be FX-enabled buy side
buy side
The buy side consists of companies in the financial industry that buy securities and are accompanied by investment account managers, pension funds and hedge funds, and the buy side consists of those that buy and invest large amounts of securities with the intent of making a profitable return or managing their money. Explaining the Buy Side in Wall Street Terms, the buy side includes investment institutions that purchase securities, stocks, or other financial instruments with a view to
The buy side consists of companies in the financial industry that buy securities and are accompanied by investment account managers, pension funds and hedge funds, and the buy side consists of those that buy and invest large amounts of securities with the intent of making a profitable return or managing their money. Explaining the Buy Side in Wall Street Terms, the buy side includes investment institutions that purchase securities, stocks, or other financial instruments with a view to
Read this term Customers trade in spot forex through a selection of coordinated electronic communication networks (ECNs). The platform will expand its offering next year by including Liquidity
Liquidity
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
Read this term of major banks and expanded the product range to include forwards, non-deliverable contracts (NDFs) and swaps.
“We have over 6,000 single-handed buy-side users on the TT platform — including hedge funds, CTAs, proprietary traders, and commodity trading firms — who are already trading an enormous amount of forex on other systems and platforms,” said Keith Todd. CEO at Trading Technologies.
“After several months of communication and research with our customers, we have heard great positive feedback and strong demand to consolidate this EMS activity into TT. TT FX will benefit from our platform’s unparalleled global distribution capabilities, the award-winning functionality of our EMS system, and the widest possible choice to liquidity providers to offer a truly best-in-class solution.”
The expansion into the currency market came after Trading Technologies acquired AxeTrading last March.
New Head of Foreign Exchange Unit
To head the new FX unit, Trading Technologies has appointed Tomo Tokuyama, who brings years of industry experience.
In this position, Tokuyama will initially be responsible for building a team of FX industry technology and product experts. It will focus more on connecting to major ECNs and liquidity providers and offering advanced forex trading capabilities through the company’s Execution Management System (EMS).
“Forex is in great demand by TT clients, and I am excited to have the opportunity to further shape my forex strategy and offer a product that TT clients will be proud to use,” Tokuyama said.
Tokuyama joined Trading Technologies from Los Angeles’ First Quadrant, a quantitative fund, where he was Head of Trading. There, he transformed forex trading from 98 percent voice execution to 95 percent electronic. He has also worked at Goldman Sachs in Tokyo and Hong Kong.
Trading Technologies International, a provider of technology to the capital markets, has entered the foreign exchange industry with the creation of its new business unit, TT FX, which will enter the market in phases.
Initially, with its first phase launching later this year, the TT will be FX-enabled buy side
buy side
The buy side consists of companies in the financial industry that buy securities and are accompanied by investment account managers, pension funds and hedge funds, and the buy side consists of those that buy and invest large amounts of securities with the intent of making a profitable return or managing their money. Explaining the Buy Side in Wall Street Terms, the buy side includes investment institutions that purchase securities, stocks, or other financial instruments with a view to
The buy side consists of companies in the financial industry that buy securities and are accompanied by investment account managers, pension funds and hedge funds, and the buy side consists of those that buy and invest large amounts of securities with the intent of making a profitable return or managing their money. Explaining the Buy Side in Wall Street Terms, the buy side includes investment institutions that purchase securities, stocks, or other financial instruments with a view to
Read this term Customers trade in spot forex through a selection of coordinated electronic communication networks (ECNs). The platform will expand its offering next year by including Liquidity
Liquidity
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
The term liquidity refers to the process, speed, and ease with which a particular asset or security can be converted into cash. Notably, the liquidity forecast is to hold at the market price, with the most liquid assets representing cash, and the most liquid assets being cash itself. In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting the market price. · Nothing is more liquid than cash, while representing other assets
Read this term of major banks and expanded the product range to include forwards, non-deliverable contracts (NDFs) and swaps.
“We have over 6,000 single-handed buy-side users on the TT platform — including hedge funds, CTAs, proprietary traders, and commodity trading firms — who are already trading a massive amount of forex on other systems and platforms,” said Keith Todd. CEO at Trading Technologies.
“After several months of communication and research with our customers, we have heard great positive feedback and strong demand to consolidate this EMS activity into TT. TT FX will benefit from our platform’s unparalleled global distribution capabilities, the award-winning functionality of our EMS system, and the widest possible choice to liquidity providers to offer a truly best-in-class solution.”
The expansion into the currency market came after Trading Technologies acquired AxeTrading last March.
New Head of Foreign Exchange Unit
To head the new FX unit, Trading Technologies has appointed Tomo Tokuyama, who brings years of industry experience.
In this position, Tokuyama will initially be responsible for building a team of FX industry technology and product experts. It will focus more on connecting to major ECNs and liquidity providers and offering advanced forex trading capabilities through the company’s Execution Management System (EMS).
“Forex is in great demand by TT clients, and I am excited to have the opportunity to further shape forex strategy and offer a product that TT clients will be proud to use,” Tokuyama said.
Tokuyama joined Trading Technologies from Los Angeles’ First Quadrant, a quantitative fund, where he was Head of Trading. There, he transformed forex trading from 98 percent voice execution to 95 percent electronic. He has also worked at Goldman Sachs in Tokyo and Hong Kong.