TT TradingTechnologies

torroray · (login for full post details)

Hi,

Last week a tech rep from Mirus said my internet connection is slow and will effect my trading since I live on the other side of the world.

I notice TT Global Distribution Network hub is located in Singapore which is near my country.

Would this be a solution that I can consider?

Lornz · (login for full post details)

Yes, either that or CQG. It's better to use their infrastructure than it is rely on one's own internet line to and from Chicago.

I had the same problem here in Norway.

torroray · (login for full post details)

Lornz

Yes, either that or CQG. It's better to use their infrastructure than it is rely on one's own internet line to and from Chicago.

I had the same problem here in Norway.

Cant find if CQG got a hub near me

Lornz · (login for full post details)

torroray

Cant find if CQG got a hub near me

They do.

torroray · (login for full post details)

Thanks.

Does that mean that if you open account with a broker offering CQG then your trade will automatically seek the nearest CQG hub?

NinjaTrader · (login for full post details)

torroray

Thanks.

Does that mean that if you open account with a broker offering CQG then your trade will automatically seek the nearest CQG hub?

When connecting into the CQG Global Network, they will run ping tests and connect you to the hub with the lowest latency to your location.

Lornz · (login for full post details)

torroray

Thanks.

Does that mean that if you open account with a broker offering CQG then your trade will automatically seek the nearest CQG hub?

NinjaTrader beat me to it. However, contact CQG to get this confirmed if you're using Trader. If I remember correctly, their Trader version has to be set manually.

Big Mike · (login for full post details)

Moderator Notice

Help keep futures.io (formerly BMT) organized.

Please take CQG discussion to a CQG thread, since this one is titled "TT" lets keep it about TT.

Mike

torroray · (login for full post details)

Thanks for everyone contributing on CQG experience but I would like to hear from those with TT connection.

Dale Box · (login for full post details)

torroray

Hi,

Last week a tech rep from Mirus said my internet connection is slow and will effect my trading since I live on the other side of the world.

I notice TT Global Distribution Network hub is located in Singapore which is near my country.

Would this be a solution that I can consider?

As long as the firm was using TT Net and not hosting their own TT environment (the way we do) this is definitely a solution for you.

torroray · (login for full post details)

Dale Box

As long as the firm was using TT Net and not hosting their own TT environment (the way we do) this is definitely a solution for you.

Hi Dale,

How do you find out if they using their own TT Net? Some broker site dont have this info listed.

torroray · (login for full post details)

Dale Box

As long as the firm was using TT Net and not hosting their own TT environment (the way we do) this is definitely a solution for you.

Hi Dale,

I did find that some host their own TT environment .

So Velocity looks to be a very attractive option.

Bogan · (login for full post details)

Anyone knows any other IB/FCM offering platforms other than X_Trader on TT feed AND using TTNet? (Velocity don't deal with international customers)

torroray · (login for full post details)

Bogan

Anyone knows any other IB/FCM offering platforms other than X_Trader on TT feed AND using TTNet? (Velocity don't deal with international customers)

Really. Can you show me where they mention this.

Bogan · (login for full post details)

torroray

Really. Can you show me where they mention this.

No, I can't, because they don't bother mentioning unless you ask explicitly.

torroray · (login for full post details)

Bogan

No, I can't, because they don't bother mentioning unless you ask explicitly.

I've notice they have international contact no. Whats the point if they do not intend to deal with international customers

Dale Box · (login for full post details)

Gents,

Due to Australian and Canadian regulations we aren't allowed to accept customers from those countries.

torroray · (login for full post details)

Dale Box

Gents,

Due to Australian and Canadian regulations we aren't allowed to accept customers from those countries.

Thanks for clearing that up

Bogan · (login for full post details)

Dale Box

Gents,

Due to Australian and Canadian regulations we aren't allowed to accept customers from those countries.

Dale, can you please elaborate on which regulations you are referring to?
Interestingly enough, there are no any regulations preventing many other US FCMs from accepting Australian and Canadian customers.

Dale Box · (login for full post details)

Bogan

Dale, can you please elaborate on which regulations you are referring to?
Interestingly enough, there are no any regulations preventing many other US FCMs from accepting Australian and Canadian customers.

Hi Bogan,

Other U.S. based FCMs that accept customers from Canada or Australia have (or should have) branch offices located in these countries which allows them to transact business with residents of Canada or Australia.

Best regards,

TrendTraderBH · (login for full post details)

FYI

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=8&ved=0CHAQFjAH&url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F38eafc14-8b3a-11e1-bc84-00144feab49a.html&ei=ZaGdT9-sEMKeOuyZ6PsB&usg=AFQjCNHJUhJJO1vFnjiC5NxK24i3LJnosA

Not sure if it is relevant.

Big Mike · (login for full post details)

Source: Trading Technologies lays off 100 staff - FT.com

Quoting

Trading Technologies lays off 100 staff

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. Trading Technologies lays off 100 staff - FT.com

Trading Technologies International, a developer of futures trading software used across Wall Street desks and in the pits of the Chicago exchanges, is laying off a large number of staffers just weeks after the rollout of a major new product.

The privately held firm is cutting some 100 of its roughly 600 staffers, including 80 in its home office in Chicago and the rest spread out across its offices, which are in London, New York, Tokyo, Singapore and Hong Kong.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. Trading Technologies lays off 100 staff - FT.com

“As we’ve become more focused and efficient over the past few years, we made a difficult but necessary decision to lay off about 100 employees,” the company said in a statement.

The cut comes amid persistently weak volumes in derivatives markets that have pressured revenues for trading technology firms, as it has for traders, banks and brokerages. CME Group said that average daily futures volumes were down 21 per cent so far this quarter versus the same period a year ago.

However, a person close to the group said that the move is an “organisational restructuring”, the result of an overexpansion just before the financial crisis. This is the first staff reduction for Trading Technologies since 2001.

“It’s been clear for the past six months or so that headcount was too high,” this person said. “This is not a reflection of trading volumes.”

The cuts will come from a variety of roles, but primarily engineers and IT support staff.

Despite the poor volumes, Trading Technologies has continued to unveil new trading tools. In March, it launched a new version of its core platform, X_TRADER. This included the Algo Design Lab, known as ADL, which allows traders to visually assemble automated trading engines and quickly launch them.

The company also recently named Rick Lane, the developer of ADL, as its chief technology officer. Mr Lane had left the group after it acquired the maker of ADL, to work at Google, but rejoined Trading Technologies last month.

Traders increasingly rely on automated decision engines known as algorithms, or “algos”, to rapidly trade futures or pair trades of related assets.

In addition to software, Trading Technologies also offers “co-location” services to put traders’ systems close to exchange hubs to increase their speed.

Though common to equities and the subject of scrutiny by some regulators such as the US Commodity Futures Trading Commission, algos are seeing growing use in other asset classes. ITG and Bank of America Merrill Lynch rolled out new electronic futures trading tools for their institutional clients last year.

Mike

Koepisch · (login for full post details)

Hello,

i want to design my new eurex setup and need to know a pingable IP address from one of the TT Eurex Gateway servers in frankfurt/germany. I want to place my server as close as possible. Till yet i couldn't find anything.

Is there a known ip or could someone look into netstat? Any known dedicated server hoster in frankfurt with low latency connection to TT gateway?

Regards,
Koepisch

addchild · (login for full post details)

TT doesn’t expose any publicly pingable ip addresses.

But, if you have access to the TT api, it will Ping servers on connection and I believe log the value.

Depending on your budget, TT offers hosting, which would be the lowest latency. Beeks financial Cloud is another service provider that has servers in Frankfurt and pretty decent pricing.

Sent using the futures.io mobile app

SMCJB · (login for full post details)

Koepisch

Hello,

i want to design my new eurex setup and need to know a pingable IP address from one of the TT Eurex Gateway servers in frankfurt/germany. I want to place my server as close as possible. Till yet i couldn't find anything.

Is there a known ip or could someone look into netstat? Any known dedicated server hoster in frankfurt with low latency connection to TT gateway?

Regards,
Koepisch

If you are asking about "XTrader" or "XTAPI" this is a valid question. If you are asking about "New TT" it's really mote. While the software front end is cloud based (AWS in the US I believe) all the order execution engines are all colocated. So having a faster/better connection to the 'front end' won't improve your automated trading.

addchild

TT doesn’t expose any publicly pingable ip addresses.

I always used PingPlotter to monitor my connection to my servers in the XTrader world. Was disappointed when I discovered that "New TT" doesn't allow this. Thankfully (with the help of PingPlotter Support) I was able to find away around this.

addchild · (login for full post details)

Goldman in talks to buy TT:

Quoting

Goldman Sachs is in advanced talks with Trading Technologies International about acquiring the Chicago-based fintech firm for an estimated $500m (£370m), according to sources.

https://www.globalinvestorgroup.com/articles/3695761/goldman-sachs-in-talks-to-buy-trading-technologies-sources

SMCJB · (login for full post details)

Been rumors that they were on the Block but this is the talk of Chicago today. I wonder how many customers they would lose though if the Vampire Squid did buy them.

addchild · (login for full post details)

SMCJB

Been rumors that they were on the Block but this is the talk of Chicago today. I wonder how many customers they would lose though if the Vampire Squid did buy them.

Yeah, I was surprised it was GS but I imagine trading frontend/software providers aren't exactly a hot market.

jokertrader · (login for full post details)

Probably big banks and funds will look for alternates since they don’t want their proprietary trades/data tracked but what happens to prop/retail who cannot afford alternatives. For autospreader/automation it is still the cheapest solution unless you want to build your own connecting to a different API

Sent using the futures.io mobile app

SMCJB · (login for full post details)

addchild

Yeah, I was surprised it was GS but I imagine trading frontend/software providers aren't exactly a hot market.

I was under the impression TT was struggling. I could be completely wrong. From first hand experience working on big institutional desks (~ large energy trading desks) the bigger the rumor we were blowing up - the more money we were making. Hence who knows. Either way $500M seems like a huge amount of money for a company who appears to see their hardcore customer base continually eroding. Don't get me wrong, I think its an amazing piece of software but they charge $1500 when their competition charges a fraction of that. (Unless your talking about Bloomberg, but nobody is comparing Bloomberg to TT!)

jokertrader

Probably big banks and funds will look for alternates since they don’t want their proprietary trades/data tracked

Exactly my thought

jokertrader

but what happens to prop/retail who cannot afford alternatives.For autospreader/automation it is still the cheapest solution unless you want to build your own connecting to a different API

I agree again. ADL is in a league of its own. But who is paying $500M for ADL? I tried to search for what TT paid for Tickit (which is what ADL is) but can't find it. Google has become nothing but advertising. Real search barely works.

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