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January 18, 2013
Phillip Futures: The Chicago-based full-service futures clearing entity of Singapore's Phillip Capital and Trading Technologies International, Inc. (TT), a global provider of professional derivatives trading software and solutions, announced that the firms have expanded their global relationship to begin offering TT's high-speed derivatives execution solutions to Phillip Futures' customers in the U.S.
The new initiative between Phillip Futures and TT coincides with the launch of Phillip Futures' U.S.-based trading network, which offers co-located access to CME Group's data center in Aurora, Ill.. The network will provide the firms' mutual customers with high-speed access to markets traded through the CME Globex platform. These include CME Group's interest rate, equity index, FX, agricultural, real estate, weather, metals and energy products as well as contracts listed on CME Group partner exchanges including BM&FBOVESPA, Bursa Malaysia, Dubai Mercantile Exchange and Minneapolis Grain Exchange.
This arrangement will allow Phillip Futures to expand its position in the U.S. by enabling clients in that region to easily access TT's high-performance X_TRADER platform and technology solutions, including TT's server-based algo design and execution system, ADL. TT's platform will be integrated with Phillip Futures' back-office and proprietary third-party applications.
