RiskTech Forum

Phillip Futures And Trading Technologies Launch Software Solution At CME Group Co-Location Facility

Posted: 15 January 2013  |  Source: Trading Technologies


Phillip Futures Inc., the Chicago-based full-service futures clearing entity of Singapore’s Phillip Capital, and Trading Technologies International, Inc. (TT), a leading global provider of professional derivatives trading software and solutions, announced today 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 builds on the success of the firms’ existing Asia-centric distribution agreement and coincides with the launch of Phillip Futures’ U.S.-based trading network, which offers co-location access to CME Group’s data center in Aurora, IL. The network will provide the firms’ mutual customers with ultra-high-speed, low-latency access to the TT-supported 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 solution, ADL™. TT’s platform will be integrated with Phillip Futures’ back-office and proprietary third-party applications, providing a robust, full-service derivatives trading experience.

Bob Keeley, senior VP of sales and business development with Phillip Futures, said, "In response to increasing demand from both our US and Asian client base to efficiently trade U.S. products, we are pleased to offer Trading Technologies’ product suite along with co-located access to the CME. Phillip Futures is committed to providing the highest quality of service and our relationship with TT enables us to offer solutions our clients demand."

Harris Brumfield, CEO of Trading Technologies, said, "We are very happy to be working with Phillip Futures as they expand their business and distribute X_TRADER to their growing U.S. customer base. Their established relationships within the Asian trading community and their dedication to offering world-class service and support make them an ideal partner."