Trading Technologies facilitates access to Eurex EnLight via TT® platform

abdelaziz Fathi

Deutsche Börse’s derivatives-focused exchange, Eurex and Chicago-based Trading Technologies have teamed up to facilitate access to Eurex EnLight, the selective request-for-quote (RfQ) platform, via the TT platform.

Steve Stewart

The TT platform provides market access and trade execution through the software-as-a-service (SaaS) delivery model. In addition, the solution provides access to major international exchanges and liquidity platforms. The platform already serves a wide variety of users, including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers, and risk managers.

The partnership further supports market participants seeking to trade on Eurex EnLight via TT’s broad global distribution network, which will be a new alternative to the existing ways of accessing the RfQ platform.

With this development, buy-side institutions, banks and others with larger scale execution requirements can expect operational efficiencies, improvements to accessing liquidity, and a reduction in quote response times on the platform. They will also be able to extend and accept quotes from specific market participants with which they have relationships, including market makers and inter-dealer brokers, directly from their trading screens.

Steve Stewart, TT EVP Sales – EMEA & Europe Region Manager, said: “We’re pleased to partner with Eurex on this ambitious project that gives our clients convenient new ways of managing their large-scale orders and participating in the exchange’s diverse product offering from within the TT platform. The largest financial institutions in the world rely on us for their mission-critical trading systems and infrastructure needs, and we are constantly exploring new avenues for helping them easily access new trading opportunities and achieve new efficiencies.”

Thomas Martin, Eurex EnLight Product Manager, added: “This new partnership breaks down entry barriers and provides easy access to all the operational advantages of Eurex EnLight. With direct access to Eurex’s vast membership base of liquidity providers, we expect this partnership will lead to increased market liquidity and volume growth. We’re excited with what this new offering will bring to the market.”

Eurex EnLight is a fully integrated exchange RFQ platform that replicates the core aspects of voice trading while providing its users all the advantages of automatic electronic price formation, data collection and timely information retrieval to meet MiFID II Best Execution requirements.

The integrated solution will be available on the TT platform by the end of 2023, available for all equity, equity index and fixed income options and corresponding futures traded on Eurex as well as for all FX derivatives.

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