Launch of NYBOT trading on X_TRADER® expected to begin on trade date February 2
CHICAGO, Jan. 31 -- Trading Technologies International, Inc. (TT) today announced it will support electronic trading of the New York Board of Trade's (NYBOT's) benchmark agricultural commodity products through its X_TRADER order-entry platform. TT has passed NYBOT conformance testing and plans to provide access to coincide with the launch of the NYBOT soft commodities on the IntercontinentalExchange's (ICE's) electronic trading platform. The launch is scheduled to occur on the trade date February 2, 2007.
The NYBOT Sugar #11 sm, Sugar #14 sm, Cotton No. 2 sm, Coffee "C"®, Cocoa and Frozen Concentrated Orange Juice products will be accessible through TT's ICE gateway. The gateway launched in 2004 and currently supports both ICE Cleared OTC and ICE Futures products. TT has hundreds of its ICE gateways installed at sites throughout the world that collectively generate significant volume at ICE.
"We are keen to be able to support trading of the NYBOT products on X_TRADER. Access to the NYBOT commodities through our ICE gateway will further expand trading and risk management opportunities for our customers, who include the producers and consumers of these products as well as liquidity providers," said Harris Brumfield, CEO of TT.
About Trading Technologies
Trading Technologies ( www.tradingtechnologies.com/) develops high- performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, securities brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to the world's major derivatives exchanges. TTNET(TM), TT's Application Service Provider (ASP)/hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London and Frankfurt. Additional data centers are planned for Tokyo and Singapore. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, Houston, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. In 2004, Trading Technologies was named the best technology company to work for in Chicago by Chicago magazine and ranked third among all Chicago area employers. In 2006, TT received the prestigious Lighthouse Award from the Illinois Information Technology Association (ITA) as the leading technology company in Illinois.
Source: Trading Technologies International, Inc.
Web site: http://www.tradingtechnologies.com/