Trading Technologies International plans to add a full-service order management system, TT OMS, to its trading platform, providing an end-to-end solution that can integrate order management with high quality execution tools. The OMS will be offered as a software-as-a-service (SaaS) solution via TT’s global, high-speed network and is expected to be operational in early 2019.
The introduction of TT OMS is driven by customer demand, primarily from several of TT’s large global bank clients, that want a complete, robust system that merges order management with execution. The company has historically offered ‘light’ order management capabilities to complement its execution services. Going forward, it will be able to onboard and accommodate even the most complex and complicated integrations, order-handling workflows and client-servicing needs.
Brian Mehta, chief marketing officer at Trading Technologies, comments: “TT has the most advanced derivatives trading platform, delivered via software-as-a-service. Combined with our technology stack, this OMS solution allows us to be responsive and flexible to our clients’ needs. We will continue to focus on developing products that will strengthen vertical integration with our existing clients while looking toward future growth opportunities within our three pillars of focus: trading, infrastructure, and data services.”
