Buying and selling Applied sciences Worldwide, a expertise supplier within the capital markets, has entered the overseas alternate business by establishing its new enterprise unit, TT FX, which is able to hit the market in phases.
Initially, with the launch of its first section later this yr, TT FX will allow buy-side purchasers to commerce spot FX by way of a selection of curated digital communication networks (ECNs). The platform will lengthen its choices subsequent yr by together with liquidity from main banks and increasing the product set to incorporate forwards, non-deliverable forwards (NDFs), and swaps.
“We’ve greater than 6,000 buy-side customers alone on the TT platform – together with hedge funds, CTAs, proprietary merchants, and commodity buying and selling companies – who already commerce an enormous quantity of FX on different techniques and platforms,” mentioned Keith Todd, the CEO at Buying and selling Applied sciences.
“Following many months of outreach and analysis with our purchasers, we’ve heard vital constructive suggestions and powerful demand to consolidate this exercise on TT’s EMS. TT FX will leverage the unparalleled international distribution capabilities of our platform, the award-winning performance of our EMS, and the widest doable selection of liquidity suppliers to ship a really best-in-class answer.”
The growth into FX got here after Buying and selling Applied sciences acquired AxeTrading final March.
New Head for the FX Unit
To move the brand new FX unit, Buying and selling Applied sciences has employed Tomo Tokuyama, who comes with years of business expertise.
Within the position, Tokuyama can be initially liable for constructing a crew of FX business product and expertise consultants. He’ll additional deal with connectivity to main ECNs and liquidity suppliers and delivering superior FX buying and selling capabilities by way of the corporate’s execution administration system (EMS).
“FX is in excessive demand by TT purchasers, and I’m excited in regards to the alternative to additional form the FX technique and ship a product that TT purchasers can be proud to make use of,” Tokuyama mentioned.
Tokuyama joined Buying and selling Applied sciences from Los Angeles-based First Quadrant, a quantitative fund, the place he was the Head of Buying and selling. There, he remodeled FX buying and selling from 98 % voice execution to 95 % digital. He additionally labored at Goldman Sachs in Tokyo and Hong Kong.
Buying and selling Applied sciences Worldwide, a expertise supplier within the capital markets, has entered the overseas alternate business by establishing its new enterprise unit, TT FX, which is able to hit the market in phases.
Initially, with the launch of its first section later this yr, TT FX will allow buy-side purchasers to commerce spot FX by way of a selection of curated digital communication networks (ECNs). The platform will lengthen its choices subsequent yr by together with liquidity from main banks and increasing the product set to incorporate forwards, non-deliverable forwards (NDFs), and swaps.
“We’ve greater than 6,000 buy-side customers alone on the TT platform – together with hedge funds, CTAs, proprietary merchants, and commodity buying and selling companies – who already commerce an enormous quantity of FX on different techniques and platforms,” mentioned Keith Todd, the CEO at Buying and selling Applied sciences.
“Following many months of outreach and analysis with our purchasers, we’ve heard vital constructive suggestions and powerful demand to consolidate this exercise on TT’s EMS. TT FX will leverage the unparalleled international distribution capabilities of our platform, the award-winning performance of our EMS, and the widest doable selection of liquidity suppliers to ship a really best-in-class answer.”
The growth into FX got here after Buying and selling Applied sciences acquired AxeTrading final March.
New Head for the FX Unit
To move the brand new FX unit, Buying and selling Applied sciences has employed Tomo Tokuyama, who comes with years of business expertise.
Within the position, Tokuyama can be initially liable for constructing a crew of FX business product and expertise consultants. He’ll additional deal with connectivity to main ECNs and liquidity suppliers and delivering superior FX buying and selling capabilities by way of the corporate’s execution administration system (EMS).
“FX is in excessive demand by TT purchasers, and I’m excited in regards to the alternative to additional form the FX technique and ship a product that TT purchasers can be proud to make use of,” Tokuyama mentioned.
Tokuyama joined Buying and selling Applied sciences from Los Angeles-based First Quadrant, a quantitative fund, the place he was the Head of Buying and selling. There, he remodeled FX buying and selling from 98 % voice execution to 95 % digital. He additionally labored at Goldman Sachs in Tokyo and Hong Kong.
