CHICAGO, Oct. 6 /PRNewswire/ -- Trading Technologies International, Inc.
(TT) today announced that TT has linked its X_TRADER(R) derivatives trading
platform to Latin America's largest futures exchange, BM&FBOVESPA, via the CME
Group's Globex platform.
The new link to BM&FBOVESPA allows X_TRADER users to trade the main
derivatives contracts listed on the exchange. These products include:
-- Interest Rates -- One-Day Interbank Deposit, Long Term Interbank
Deposit and ID x US Dollar Swap with Reset contracts
-- Equity Index Futures -- Ibovespa, Mini-Ibovespa, Brazil Index-50,
General Market Price Index and Mini General Market Price Index (pending
regulatory approval)
-- Currency -- USD Futures, Mini-USD and Euro Futures
-- Agricultural -- Arabica Coffee, Robusta, Cotton, Real-Denominated Corn,
Soybeans, Crystal Sugar, Feeder Cattle, USD Denominated Ethanol and
Anhydrous Fuel Alcohol
-- Sovereign Debt Instrument (Bonds) -- A-Bond Futures, Three-, Five- and
Seven-Year Brazilian Sovereign Credit Default Swaps and Ten-Year US
Treasury Notes
-- Metals -- Gold Futures and Spot contracts
"By means of this connection, global investors can trade a complete and
diversified range of Brazilian products and hedge their risks across the two
Exchanges. The GTS order book will be transmitted in real time to the CME
Globex users, and liquidity will be increased," says Cicero Augusto Vieira
Neto, Chief Operating Officer of the BM&FBOVESPA.
"Trading Technologies' customers have expressed a strong desire to access
the Latin American markets, so we are very pleased to be working with
BM&FBOVESPA. Our BM&FBOVESPA connection has been thoroughly tested and is
available to our customers," said Harris Brumfield, CEO of TT.
TT clients have the option to host BM&FBOVESPA gateways internally or
outsource connectivity to TTNET(TM), TT's fully managed hosting solution.
BM&FBOVESPA is the world's third largest exchange by market
capitalization. The Exchange ranked as the world's seventh largest
derivatives exchange in 2007, with total volume of 426,363,492 contracts.
This represented an increase of more than 50% over 2006 volume. The
BM&FBOVESPA's One-day Interbank Deposit futures contract ranked fifth among
all exchange traded derivatives contracts globally in 2007.
BM&FBOVESPA and CME Group signed an agreement earlier this year that
incorporates cross-investment, order routing arrangements and future business
opportunities. As part of this agreement, CME Globex customers will have
access to the order book of BM&FBOVESPA's Global Trading System (GTS) platform
via the Globex platform. For more information on the agreement between the
exchanges, visit the exchanges' cooperative website at
http://www.cmegroup-bmfbovespa.com.br/index_eng.asp.
About Trading Technologies
Trading Technologies (http://www.tradingtechnologies.com) develops
high-performance trading software for derivatives professionals, including the
world's premier investment banks, proprietary traders, brokers, Futures
Commission Merchants (FCMs), hedge funds and other trading institutions. The
company's X_TRADER(R) software and related services provide direct access to
the major international derivatives exchanges. X_TRADER 7.4 was named
"Innovation of the Year" by FOW magazine and "Best Buy-Side Commodities
Trading Platform" by Buy-Side Technology magazine in 2007. TTNET(TM), TT's
fully managed hosting solution, delivers maximum system stability and fast
trade execution via hubs located close to the major exchanges in Chicago, New
Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago,
Trading Technologies maintains a global presence with offices in New York,
Stamford, Houston, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and
Sydney. Chicago magazine named TT the best technology company to work for and
ranked TT third among all Chicago area employers. TT also received the
prestigious Lighthouse Award from the Illinois Information Technology
Association (ITA) in 2006 as the leading technology company in Illinois and
was named Technology Company of the Year by FOW magazine in 2008.
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