Advancements in Asia: What’s Been Done and What’s to Come

Today, I’m attending FOW Derivatives World Asia 2019 in Hong Kong, where the Trading Technologies team will showcase our latest developments for cryptocurrencies, order management, trade surveillance and more. I always look forward to attending these conferences, as they present unparalleled opportunities to connect directly with clients, partners and others and share exclusive updates on enhancements to the TT platform and TT’s infrastructure within the Asia/Pacific region.

This also allows us to reflect on our tremendous progress throughout the past two years — within the Asia/Pacific region and beyond. In September 2017, I published a blog post that emphasized our reinforced commitment to the region, and highlighted our investment in new leadership roles and plans for expanded infrastructure. Since then, we’ve made significant strides to further strengthen our presence in the Asia/Pacific region, and we plan to drive even more region-specific initiatives in the near future.

In 2017, we announced the appointment of Mark Pottle and Michael Peters as Regional Executive Sales Directors for Asia/Pacific. Mark and Michael were tasked with driving new business growth and expansion efforts in the region. Over the past two years, they have successfully achieved these objectives, broadening TT’s exposure and reach to China, Korea, Malaysia, Thailand and Taiwan, and further developing new carry broker relationships. Under Mark and Michael’s leadership, we’ve contracted with many notable firms to distribute the TT platform, including Genesis Proprietary Trading, KGI Securities, Nissan Securities, Straits Financial Group, and, as we’ve announced today, Phillip Futures. And we have plans to contract with other leading firms within the next year.

In addition to the development of strategic relationships, we’ve made great advancements in the expansion of our regional infrastructure. Last year, we greatly amplified our presence in Tokyo by strategically positioning TT within the JPX Colo All space to provide the lowest-latency-access to the Osaka Securities Exchange (OSE), and within the @Tokyo CC2 Premium space to provide proximity connectivity to Tokyo Commodity Exchange (TOCOM) and Tokyo Financial Exchange (TFX). This enhanced exchange connectivity provides traders with seamless market access and superior trade execution through the TT platform.

With this move, TT Premium Services, which include TT Reserved and TT Prime, are also now accessible in Tokyo. TT Reserved provides traders with secure dedicated infrastructure within the Tokyo data center to run advanced automated trading strategies, while TT Prime utilizes the TT Reserved infrastructure to deploy a custom-built Autospreader® for the fastest spread-trading solution available on the market.

TT Reserved and TT Prime are just two of the cutting-edge solutions now available in the Asia/Pacific region. Recently, we’ve introduced:

  • Position Transfer, a service that prevents self-matching on the same account

The launch of these new solutions has significantly transformed the way our clients work with TT. While we have always been the go-to provider for professional execution services, we are now partnering with clients to become the solution provider for their broader capital markets needs.

Additionally, in the past year, we’ve implemented a variety of initiatives to expand our footprint in the cryptocurrency space. Most significant is our investment in CoinFLEX, the world’s first physically delivered cryptocurrency futures exchange. This Hong Kong-based exchange will offer physically delivered futures for Bitcoin, Bitcoin Cash and Ethereum against Tether, the world’s largest and most liquid stablecoin, and will introduce the world’s first stablecoin-to-stablecoin futures contract, offering Tether (USDT) against Circle’s USD Coin stablecoin (USDC). In April 2019, we will launch TT’s connection to CoinFLEX and one other soon-to-be-announced cryptocurrency exchange. TT users in Europe, South America and Asia/Pacific will be able to access both these exchanges directly from the TT platform.

We’re excited about all the latest developments in the region. But, there are still plenty of enhancements to the TT platform and to our global infrastructure to come, including new connections to the Korea Exchange (KRX), National Stock Exchange of India (NSE), Taiwan Futures Exchange (TAIFEX) and Thailand Futures Exchange (TFEX). In the meantime, we look forward to working with our client base to implement and execute our latest technologies on our expanding global infrastructure. If you’re in Hong Kong attending FOW DW Asia, stop by our stand to hear more about our newest initiatives and get a hands-on demonstration of the TT platform. If not, contact us for more information about our solutions or visit www.tryttnow.com to start your free trial of the TT platform.

Posted by: Jonathan Ferreira , Director of Customer Success, Asia/Pacific

Originally published at www.tradingtechnologies.com on April 3, 2019.

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Providing award-winning software and solutions for professional derivatives and cryptocurrency traders.