KCG and Trading Technologies (TT) are joining forces to offer their respective clients more technology and liquidity so they can trade in the fixed income markets.
By connecting to KCG, TT, a software provider, enables KCG to provide both X_TRADER(r) and TT platform users with access to on-the-run U.S. Treasury liquidity. Connectivity between the two will begin later in the first quarter.
KCG provides direct access to on-the-run U.S. Treasury liquidity to clients but this is the first time that TT is offering traders liquidity from a non-exchange provider.
According to KCG, TT will provide professional traders with a consolidated point of access to multiple sources of global fixed income liquidity. With the upcoming server-side Aggregator, customers will be able to consolidate the display and introduce smart order-routing logic when trading complex strategies across multiple U.S. Treasury markets.
“Connectivity to KCG will boost our offering to fixed income” said Rick Lane, chief executive of Trading Technologies. “We think this will be an important differentiator for us as we continue to strengthen our tool suite for the fixed income community.”
TT customers will be able to enter and manage trades on KCG from both X_TRADER and the new TT platform, which is currently available to early-stage users, using the full suite of tools including Autospreader, Autotrader, and the ADL visual programming platform for algorithmic trading, as well as TT’s FIX and proprietary API solutions.
The KCG connection will complement TT’s existing connections to the major U.S. Treasury and Treasury futures markets, bringing the total number of exchanges and liquidity destinations available through X_TRADER to 40.
“X_TRADER users will be able to access KCG’s liquidity through internally hosted gateways or TT’s TTNET global hosting solution, including TT’s MultiBroker offering.
