Chicago, IL and Boca Raton, FL, – Trading Technologies International has unveiled Nextrader, its new software-as-a-service trading platform, and a new brand identity at the 39th Annual International Futures Industry Conference.
The new platform aims to offer all the features of TT’s X_TRADER platform but on a faster and more scalable architecture. TT expects to make it commercially available in the second half of 2014 but will continue to provide support for the existing X_TRADER platform as users migrate to the new product over time.
The low-latency computing infrastructure of TT’s new platform will remain at exchange colocated servers, while a cloud-based infrastructure will enable greater accessibility and computational capacity for users to analyze their trading activity in a fully-encrypted, secure manner.
Nextrader is optimized for mobile devices and includes the ability to monitor markets and manage orders and automated trading strategies. And like TT’s MultiBroker service introduced in 2013, Nextrader offers end users the ability to strategically shift which FCM clears an order.
Rick Lane, TT CEO, Nextrader said: “TT is at its best when it’s building for what’s next. And we think the significant changes to the underlying architecture of this platform, combined with its accessibility, will put TT users in a commanding position to continue achieving their trading objectives today and tomorrow.”
Stefani Sandow, TT Product Manager, explained, “We are really excited to move forward with this platform for several reasons, perhaps the biggest being that the new open architecture on which it sits will significantly reduce the software development timeline going forward. This allows us the freedom to iterate quickly, innovate often, and remain nimble as our customers’ needs change.”
TT also unveiled a new visual brand identity, one that was informed by qualitative and quantitative research, including a survey of TT’s users and other traders.