Trading Technologies has announced that Bear Stearns is to enhance its global futures electronic trading infrastructure to provide customers with faster execution and increased reliability through TT’s hosting application, ‘TTNET’.
TTNET, TT’s application service provider (ASP), is designed to accelerate customer access time to international futures markets and to increase trading platform stability. It achieves this through its fully redundant data centers situated in strategic locations close to the various exchange servers.
Bear Stearns says TT’s hosting platform will provide its customers with seamless access to a mutli-exchange trading infrastructure. This may help them to better take advantage of their trading strategies while simultaneously reducing the possibility of system outages that could prevent them from seizing market opportunities.
Building upon Bear and TT’s existing relationship, TTNET will host Bear Stearns’ entire global TT trading infrastructure, which includes TT’s ‘X-Trader’ order-entry software. Bear Stearns is scheduled to be operational on TTNET by this Autumn.