CHICAGO, January 14, 2013 – 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.”
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world’s premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company’s X_TRADER software and related services provide direct access to dozens of the major international derivatives exchanges. TTNET™, TT’s fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, São Paulo, London, Frankfurt, Singapore, Tokyo and Sydney. Headquartered in Chicago with 12 offices globally, TT has received “best in class” awards from numerous independent third parties including Buy-Side Technology, FOW, The Technical Analyst and Chicago magazines as well as the Illinois Technology Association (ITA).
About Phillip Futures Inc.
Established as a Chicago-based futures commission merchant (FCM) in 2010, Phillip Futures Inc., (http:/
Established in 1975 as a stock broking firm in Singapore, Phillip Capital employs more than 3,500 people worldwide with member companies operating in Singapore, Hong Kong, China, Japan, Malaysia, Thailand, Indonesia, Sri Lanka, United Kingdom, France, Australia, Turkey, India and the U.S. With shareholder’s equity greater than $1 billion and global assets under custody greater than $18 billion, the group has been profitable each year since its founding 37 years ago.
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