Trading Technologies International recently announced the launch of two new products, TT Futures TCA and TT Trade Surveillance, aimed at enhancing its data & analytics and compliance business lines. These new products come after the acquisition of TCA provider Abel Noser in August 2023.
The TT Futures TCA product is designed to provide users with access to a vast collection of anonymised, millisecond-level futures market and trade data, along with a variety of metrics and measures. This allows users to generate customisable reports to analyze and improve their trading strategies, as well as evaluate the effectiveness of their trading counterparties. The capability is available now and will be integrated into the platform in early 2025, offering clients three levels of service based on their analytical needs.
Peter Weiler, managing director of data & analytics at TT, highlighted the significance of this new product, stating that historically, investment managers and traders have lacked a TCA tool tailored for futures. By leveraging real-world futures trading data combined with Abel Noser’s TCA data, TT aims to offer the most comprehensive TCA solution for futures, including anonymised peer benchmarks for detailed post-trade analyses.
On the other hand, TT Trade Surveillance utilizes the firm’s proprietary Score machine learning algorithm to provide multi-asset coverage and configurable models for detecting manipulative or disruptive trading activities. The platform will expand its surveillance capabilities beyond listed derivatives to equities, equity options, FX, and fixed income, adding 47 new user-configurable surveillance models driven by machine learning technology.
Ted Morgan, managing director of compliance at TT, emphasized the company’s commitment to innovation by extending surveillance capabilities to new asset classes and increasing the number of surveillance models available to users. The new models are designed to identify various trading malpractices such as insider trading, front-running, and naked short-selling practices.
Users of the new TT Trade Surveillance service will have access to online analysis tools, out-of-the-box features for investigating alerts, and the ability to create and configure synthetic instruments to detect potential manipulation across products and markets. Justin Llewellyn-Jones, COO of TT, highlighted the importance of these new products in enhancing clients’ experience, simplifying day-to-day operations, increasing efficiencies, and adding value to the trade life cycle.
Overall, the introduction of TT Futures TCA and TT Trade Surveillance demonstrates Trading Technologies’ commitment to providing cutting-edge solutions for the global financial markets, catering to the evolving needs of investment managers, traders, and compliance officers.
