SGX pioneered the world’s first cleared iron ore swap in 2009. Today, the market has grown to over two billion metric tonnes of futures and options annually, trading at 1.5 times the size of the underlying physical market. As the key ingredient in steel production, iron ore has proven to be an effective proxy for the Chinese, as well as the global macro economy. It has also been one of the best performing major commodities in the world in terms of price and returns over the last few years.

SGX recently announced a partnership with TT to provide free market…


Today we’re launching “Behind the Code,” a new blog series where we present members of our Engineering and Product organizations, describe their cornerstone projects, and explore their enthusiasm for both trading technologies and, of course, Trading Technologies.


A recent chat with our team in Brazil brought to light a surge in interest for the Aggregator widget among TT® platform users there. The uptick, driven by customers who are aggregating the standard and mini size contracts of products that trade on Brazil’s B3, illustrates just how powerful Aggregator is when looking to attain the best potential execution price across a product suite.

Mini and micro contracts exploded in popularity last year, and exchanges like B3, CME and Eurex have been pushing into the space with both hands. Volume in micro contracts for E-mini Nasdaq futures (MNQ) exceeds volume…


CurveGlobal launched in 2016 with lofty goals: to drive competition, reduce costs and fuel execution innovation in the interest rates futures markets. The exchange, a joint venture founded by the London Stock Exchange Group (LSEG) in partnership with several large banks and Cboe, recorded its first notable volume surge in 2019 after the introduction of MiFID II. Now with the market transitioning from LIBOR to SONIA, results are again setting new records. Volume and open interest hit peak levels in Q1 and although Q2 results aren’t available yet, the exchange reported “upward trends are expected to continue.”

Last week, LSEG…


As the investing world talks about an emerging supercycle, we’re bringing forward a commodity expert to discuss his outlook on the commodity markets. Tim Pickering is Founder, President and CIO of Auspice, a quantitative investment strategy specialist firm based in Calgary, Alberta, Canada. Auspice, which leverages both TT screens and APIs, employs a scientific research process to create rules-based investment strategies that put the volatility created by human behavior to good use. Tim talked with us about his career, Auspice’s unique market position and how the firm utilizes the TT platform to capitalize on market inefficiencies. …


Some people call this artificial intelligence, but the reality is this technology will enhance us. So instead of artificial intelligence, I think we’ll augment our intelligence.

Ginni Rometty, former CEO of IBM

This quote from Ginni Rometty perfectly captures what we have been aiming to accomplish with TT Score since we started working on it several years ago. We are not applying machine-learning technology to trade surveillance in order to automate compliance officers out of their jobs.

In fact, our goal is the exact opposite-what we are doing is using modern technology to create the most powerful trade…


TT’s Autospreader has long been a favorite tool among the proprietary trading and order desk communities. Automating hedge leg execution opens the door for superior hedge price execution and adds to the bottom line. The paradox we see now is why use a client-a front-end that can never compete with the execution speed and efficiency of server-side logic-for the quote-side execution? When striving for optional spread execution, why not automate the entire process? This is where the TT platform’s ADL DIY algo design tool comes in to improve your performance.

We’ve asked two representatives from TT’s automated trading team, Andrew…


Despite the feeling that we’re all suffering from Zoom fatigue after more than a year of virtual meetings, happy hours and events, a record number of people attended our recent webinar focused on TT Score. This trade surveillance and compliance solution is fully integrated with the TT platform, but can also ingest data in FIX format from exchanges or other front-end trading systems.

We must have struck a chord with the topics of trade surveillance, spoofing and staying out of the regulator’s crosshairs because our attendees were present and engaged through to the end.

Given the keen interest in…


One of TT’s key differentiators is the ease with which we can connect new markets to the platform. In fact, we have added more than 10 exchanges to TT over the last 18 months. The most recent addition to our expanding portfolio of market connectivity offerings is the Athens Stock Exchange, or ATHEX, which is the national exchange of Greece. On the heels of announcing the availability of ATHEX Derivatives Market on TT, we invited Michael Andreadis, Chief Markets Operation and Business Development Officer of ATHEX, to tell us more about the exchange and share his perspectives on some of…


As the Sales Specialist for TT’s surveillance software TT® Score, I am frequently asked by customers and prospects what the “hot topics” are in the compliance world and what the regulators will be focused on next. While I am always happy to provide my opinions on such matters, we at TT thought that it would also be valuable to provide a periodic blog series that includes insights and perspectives about legal and compliance topics from several different industry experts.

For our first installment, we’re featuring commentary from K&L Gates partners Cliff Histed and Steve Humenik about the criminal spoofing case…

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