NASDAQ OMX on TT from 2014

CHICAGO & NEW YORK: Trading Technologies International, Inc. (TT), a provider of high-performance professional trading software, and NASDAQ OMX announced that TT will introduce connectivity to NASDAQ OMX eSpeed in the first quarter of 2014.

The eSpeed platform operates a fully executable central limit order book for electronic trading in benchmark U.S. Treasuries, one of the world’s largest and most liquid fixed-income cash markets, as per the announcement.

The TT connection to eSpeed will provide the trading community with a consolidated point of access for the vast majority of fixed income markets, improving price discovery and providing deeper liquidity. The new link to eSpeed will give all TT customers across the globe ease of use to tap eSpeed’s liquidity pool and trade complex strategies across a range of U.S. Treasury securities and U.S. Treasury futures products.

“We are very excited to announce our plans to connect to eSpeed. This greatly amplifies our fixed income offering and we look forward to working closely with eSpeed to grow our mutual customer base,” said Mike Burns, EVP of Business Development with TT.

"Our connection to Trading Technologies is part of an ongoing effort to enhance the trader experience with tools and services they want,” said Eric Noll, Executive Vice President of Transaction Services at NASDAQ OMX.

“Our deep relationship with Trading Technologies will significantly expand the opportunity set for the fixed income community across the globe.”

As further added, NASDAQ OMX announced the completion of its eSpeed acquisition on July 1, 2013 as the exchange group began to operate the over-the-counter trading platform for benchmark U.S. Treasuries, one of the largest markets in the world with over $500 billion in daily trading volume. The addition of the eSpeed to the NASDAQ OMX Transaction Services business provides market participants an opportunity to navigate the benchmark U.S. Treasuries market with services for the full life-cycle of global fixed income trading.