Trading Technologies has partnered with Hidden Road Partners CIV US LLC, Hidden Road’s futures commission merchant regulated by the U.S. Commodity Futures Trading Commission (CFTC).
Hidden Road is a renowned global credit network for institutions, providing prime brokerage, clearing, and financing across traditional and digital assets. The integration will enable Hidden Road clients to utilize the TT platform for trading across a broad range of asset classes and products, including traditional cleared derivatives as well as digital assets.
TT offers an expanded cross-asset coverage
Justin Llewellyn-Jones, Chief Operating Officer at Trading Technologies, said: “Like TT, Hidden Road is a fast-growing and trusted partner to institutional clients, and we’re very pleased to make our platform available to its wide base of clearing and prime brokerage customers. Our expanded cross-asset coverage will give Hidden Road’s prime brokerage clients the ability to trade a breadth of asset classes, products and global markets through TT.”
Michael Higgins, Global Head of Business Development at Hidden Road, commented. “As Hidden Road continues to expand our product coverage – now including FX, cleared derivatives, OTC derivatives and synthetics, digital assets and more – offering our counterparties streamlined access to leading third-party technology is a logical extension of our strategy. TT is recognized throughout the industry for its broad coverage and low latency, both of which align with Hidden Road’s modern approach to quantitatively driven credit intermediation and multi-asset prime brokerage.”
The TT platform offers end-to-end, cross-asset, interoperable solutions for managing the full lifecycle of derivatives, commodities, fixed income, foreign exchange (FX) and digital asset trading. Handling 2.2 billion transactions in 2023, the broker-neutral Software-as-as-Service (SaaS) solution provides connectivity to more than 100 global exchanges and liquidity venues.
TT adds Futures TCA and Trade Surveillance tools
Last week, Trading Technologies announced the launch of TT Futures TCA and TT Trade Surveillance. The two new offerings are intended to enhance TT’s Data & Analytics and Compliance lines of business.
TT Futures TCA is a comprehensive transaction cost analysis (TCA) tool for futures trading that leverages the largest collection of anonymized, millisecond-level futures market and trade data with a vast array of metrics and measures.
TT Trade Surveillance is powered by the proprietary SCORE machine learning algorithm and combines new multi-asset coverage and dozens of new configurable models with machine learning-driven models from TT Score, the company’s trade surveillance platform.
