Trading Technologies integrates options analytics by Bantix

Trading Technologies International has partnered with Bantix to make QuikStrike, Bantix’s options analysis software application, available via the TT platform.

TT users trading listed derivatives, including options on futures, will now have access to a suite of new capabilities to enhance and streamline their trade execution workflow, including options pricing, sophisticated analytics and data retrieval, historical volatility tools, risk analysis, custom reporting and comprehensive market information.

A battle-tested tool that would have taken years to develop at TT

Bantix’s QuikStrike interface will be accessible through TT via a single click, giving professional brokers and traders immediate access to options pricing and analytics.

The first phase of integration will provide access to the QuikStrike spread analysis tool by clicking a button within the TT Strategy Creation widget: newly created strategies alongside a wide variety of current market data, historical data and options analytics tools from QuikStrike in a separate window.

The final phase of integration is expected to be completed later this year, offering in-depth options analytics automatically displayed within TT.

Christen Harvey, VP Strategic Partnerships of TT, said: “QuikStrike is a household name among sophisticated traders who want comprehensive analytics and historical detail for their options strategies. We’re thrilled to deliver to our clients this easy-to-use, highly customizable service directly from the TT platform. Our alliance with Bantix is the latest strategic partnership we’ve forged with a best-in-breed provider of technology that improves our clients’ trading experience, allowing us to enhance the TT ecosystem with battle-tested tools that would have taken years to develop ourselves.”

Nick Howard, Chief Executive Officer at Bantix, said: “We are excited to offer QuikStrike via the TT trading platform. Our customers that trade and broker via TT have been asking for this integration for some time. We will be able to give them the opportunity to seamlessly interact with QuikStrike directly from the TT ecosystem. Our pre- and post-trade analysis tools are a perfect complement to TT’s best-in-class trading software. We look forward to advancing the user’s context-sensitive experience further as well as expanding the exchange and product coverage we currently offer.”

TT integrated Eurex EnLight, the RfQ platform

Trading Technologies has recently teamed up with Deutsche Börse’s derivatives-focused exchange, Eurex, to facilitate access to Eurex EnLight, the selective request-for-quote (RfQ) platform.

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.

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.