X_Trader Pro Demo – Download Now!
All of these professional trading tools of X_Trader Pro are included at no additional cost:
MD Trader®, Autospreader®, Autotrader™, X_STUDY®, ADL®, TT API | FIX Adapter, Algo Strategy Engine (Algo SE), Autospreader Strategy Engine (Autospreader SE) and Synthetic Strategy Engine (Synthetic SE)
One-Click order entry DOM. Quickly execute and cancel trades with a single mouse click.
Chart. Analyze. Trade. Full professional charting solution with 35 new technical indicators.
ADL® | Algo Design Lab
Code without programming. Easy, drag-and-drop building blocks automated trading strategy design.
Using Excel-like commands, traders can build custom trading strategies quickly.
Rapidly create and execute synthetic spreads on multiple exchanges simultaneously.
TT API | FIX Adapter
Leverage our robust, high-performance network using your own custom trading application.
Professional platform. Global markets.
Simultaneously trade multiple markets from one fully customizable screen with superior speed, stability and accuracy. Single-click order execution and the patented MD Trader® ladder coupled with tools for automated trading, charting and more give traders the edge for optimal trading performance.
New Features in Version 7.12
Set order-entry price limits. Restrict Time-In-Force use.
Output ADL values to X_TRADER. Identify working orders by color. Manage parent orders in Floating Order Book.
Create and submit reload orders from Market Window.
New Features in Version 7.17
Route orders through multiple brokers.
Apply smart order routing across multple accounts.
Silently execute spread orders without quoting.
Generate fill reports at scheduled time intervals.
Use single-user login with multiple sets of exchange credentials on a single gateway flavor.
Monitor markets and trading with visual, audible and email alerts.
Leverage new user-friendly Wholesale Order window.
Roll contracts with two mouse clicks.
Trade swap futures and the invoice spread.
Superior speed and reliability
Speed matters. But so does reliability. X_TRADER delivers both.
Industry-leading features and proprietary technologies
From point-and-click to automation, X_TRADER has the best tools to view, analyze and execute.
Multiple products, asset classes and markets from a single screen
One X_TRADER screen can put thousands of contracts across multiple asset classes from dozens of markets at your fingertips.
Server-side engines, synthetic order types, autotrading tools and APIs
X_TRADER incorporates all of these sophisticated technologies to execute complex trading strategies with speed and precision.
Access dozens of markets around the world utilizing X_TRADER’s intuitive, component-based desktop. Customize your workspace to trade futures, options, spreads, strategies, bonds, energies and foreign exchange pairs.
Search and select instruments to trade by exchange, product type, product and contract using a comprehensive tiered view, or simply search by entering all or part of the product name, then launch a component window with your desired instruments.
Monitor the market and place orders for multiple instruments across all TT-connected markets in a concise grid view. Submit order details in the top order pane for order quantity, price, customer account and native order types as well as advanced synthetic orders. Display real-time market information for trading in the bottom portion of the window, including current working orders and net position. Consolidate multiple panes in a single window using tabs to conserve real estate.
Display the open, high, low, last and net change for several products at once while also displaying position and P/L. Track the open and last traded price in relation to the day’s high/low range with the Price Thermometer. Launch MD Trader or a floating order entry window with a single click, or access X_STUDY® charts and other X_TRADER windows from the context menu.
View and trade outright contracts, calendar spreads, butterflies and condors in a condensed layout that allows for quick assessment of market flows and price disparities. Display implied prices, direct prices, net change and market depth. Enter orders and manage positions in the customizable layout.
Time & Sales
Track and record time and sales information as it occurs trade-by-trade. Combine multiple products and contracts in the same window. Color-code buys and sells and highlight large trades to help identify short-term activity.
TT’s patented ladder with one-click order entry and cancellation is designed to meet the demands of the most aggressive traders. With unsurpassed speed, reliability and ease of use, MD Trader provides the best the market has to offer.
Prices display vertically as the market depth travels up and down the ladder, dynamically indicating market movement. View data such as change on the day, total volume traded, last trade price/quantity, best bid and offer and the high and low of the day.
Quickly execute and cancel trades with a single click. Configurable buttons give instant access to a large array of order types such as stops, if touched and OCOs. Execute orders on behalf of multiple accounts.
Manage orders with ease. Change prices by simply dragging and dropping to the new price level, or use the floating order book to change price and quantity. Manage orders and control risk with pre-defined buttons for delete all, deleted bids and deleted offers. Liquidate positions with a single click.
Display depth of market, implied prices and volume, volume at price, estimated position in queue and average price of position at a glance to assist in making trading decisions. Position multiple MD Trader windows side-by-side to view relative market movements for correlated markets.
Enhance trading with user-defined price columns, Excel linking and configurable colors. Identify important price levels with laser lines linked from Excel or X_STUDY®. Display prices based on net change, invert prices or apply custom formatting with the user-defined price column.
Take full advantage of X_TRADER’s order-entry methods to quickly get trades to the market with the least amount of effort. Various methods are available to accommodate diverse trading styles. Intuitive design and continuous refinement based on feedback from brokers and traders have produced industry-leading functionality.
Order Entry Pane
Configure multiple order types such as stops, if touched, triggers, timed and sliced orders. Seed and submit orders from an attached or floating window. Pin multiple floating windows to the desktop for quick re-use. Append multiple user-defined text fields for later filtering and sorting. Confirm before submission via a detailed order ticket.
Quickly submit orders using a small floating window that consumes minimal screen space. Initiate orders by mouse clicks or hotkeys, and the background color easily identifies the buy/sell trade direction.
Name and save order templates for fast application in the Order Entry Pane and MD Trader window. Set default quantities for different markets and products, and apply price variance checks (ticks from LTP) to prevent “fat finger” errors. Assign templates to customers tailored to their unique trading styles.
Create files with single or multiple order details, load them into X_TRADER and manually submit the orders into the market. Allows clients to send multiple pre-formatted orders to their brokers via email, FTP or other means.
X_TRADER now supports staged order functionality for both buy-side and sell-side traders.
Create, submit and manage care orders for optimal execution
TT Order Staging allows users to route care orders to one or more execution specialists for manual execution. For example, a buy-side portfolio manager (PM) may wish to route an order larger than a specific size to his broker’s execution specialist to avoid excessive market impact. Once that order has been staged, the execution specialist can claim the order, examine optional instructions added by the PM, and work it as one or more child orders based on his assessment of market conditions.
Child orders can be any combination of outright exchange orders and/or synthetic orders created with TT’s Synthetic Strategy Engine (Synthetic SE). The execution specialist may submit one or many concurrent child orders, at any time, until the parent order has been fully filled.
Synthetic SE ensures the PM’s staged order will not be overfilled, executed in the wrong direction or inadvertently filled against the wrong instrument. The execution specialist can be the PM’s broker or an internal specialist working in-house at the same buy-side firm. TT’s order staging capabilities facilitate optimal handling of any order designated as requiring “care”.
Originate using X_TRADER or FIX
Orders can be staged from X_TRADER or FIX-enabled systems. Using X_TRADER to create a staged order is as simple as checking the “Stage” option on a new order in the X_TRADER GUI. Alternatively, staged orders can be submitted via the industry-standard Financial Information eXchange (FIX) protocol, enabling third-party applications, including vended and internal Order Management Systems, to seamlessly route care orders to buy-side and/or sell-side execution specialists.
Enriched functionality for both buy-side and sell-side users
Order staging offers competitive edge to both buy-side and sell-side professionals, and allows both to concentrate on doing the things they do best. On the buy side, investment and fund managers can focus on strategy and asset allocation, and hedgers can focus on managing their business exposure and controlling factor costs, leaving the job of optimal execution to trading specialists best suited to that role. Sell-side brokers and execution specialists can provide additional value to their customers by focusing on managing optimal trade placement and execution while minimizing impact and ensuring their customers’ orders are filled as intended.
Part of the standard TT platform
Staged orders are now a standard part of the TT system. The minimum requirements for any staged order configuration include X_TRADER and Synthetic SE. Firms wishing to submit staged orders via FIX also need the TT FIX Adapter.
Confidently manage and monitor all of your trading with X_TRADER components designed to simplify and consolidate all activity. Intuitive views provide a clear picture of your overall activity and exposure.
Orders and Fills Window
Follow your orders in a single tabbed window with configurable views, as they change state from working to partially filled, fully filled, balanced, canceled or deleted. Filter and sort on one or more fields. Modify orders, up-tick or down-tick orders with a single click or repeat working or filled orders. Aggregate fills by product or price and view total working buys and sells by product.
View positions, P/L and working orders configured by account, exchange, product and contract. Display aggregate overall activity or drill down into a specific contract to view fill information such as average buy/sell price or current working orders. Set up groups to organize the information by account, product/contract, trader or market.
Floating Order Book
Hover or click on an active order in an MD Trader window, Market Window or an Orders and Fills Window to launch a floating order book containing all working orders at that price level. Quickly modify the price or quantity, or cancel the order.
Track all order-related messages to and from the exchanges including fills, add/change/delete orders and order inquiries. View exchange announcements, gateway alerts and error messages. Filter by various fields and enable/disable message types and sources. The log file is automatically saved and stored for future use.
Autospreader is the industry-leading application for defining, managing and executing synthetic spread trades with unparalleled flexibility and performance. It’s one of several tools included with X_TRADER® Pro. Whether you’re spreading inter-exchange or intra-exchange products, Autospreader facilitates rapid creation and execution of synthetic spreads on one to ten exchanges simultaneously. See why professional derivatives traders worldwide demand TT’s Autospreader.
Autospreader® leg view
A new grid-based leg view displays all legs for every user-configured spread. Easily sort, filter and edit multiple spreads and legs in one window.
Spread order reload
Split a single spread order into smaller disclosed quantities. When a disclosed quantity is filled, the next disclosed order is submitted.
Queue Holder orders
Set up to ten Queue Holder orders per leg.
Simply the best tool for spread trading
Define and execute inter-product and cross-exchange spreads and strategies with Autospreader. Easily create and submit spreads with up to ten legs while simultaneously quoting one to three legs.
Powerful options for customizing spread configurations with unrivaled ease of use
Create highly customized spread trades through a powerful yet simple user interface.
Trade Autospreader® orders with the powerful MD Trader®
Autospreader panes incorporate the functions and display of X_TRADER’s patented MD Trader window.
Sub-millisecond performance and colocation
Gain a critical edge by using Autospreader with TT’s proximity-based Autospreader Strategy Engine (Autospreader SE). Enjoy microsecond responsiveness across exchanges worldwide regardless of where you’re located.
The shelf life of proprietary strategies is growing ever shorter in today’s electronic markets. Traders must implement and deploy their ideas rapidly to exploit fleeting opportunities. TT’s robust, flexible Autotrader, which is included with X_TRADER Pro, allows users to implement new strategies without complicated programming. Using its Excel-like commands and user interface, traders can leverage Autotrader to build and deploy custom strategies quickly in order to capture immediate market opportunities.
RTD in Autotrader™
The TT Real-Time Data (RTD) capability for Excel now exists natively within the Autotrader built-in spreadsheet grid. Users no longer need to set up DDE links to drive Autotrader from a separate Excel worksheet.
Manage and trade Autospreader® synthetic spreads in Autotrader™
Execute any Autospreader synthetic spread from Autotrader. Automatically submit, re-price, modify and cancel user-defined synthetic spread orders.
Link historical data and technical indicators directly into Autotrader™
Leverage TT’s powerful X_STUDY® technical analysis and charting tool by linking historical data directly into Autotrader. Automatically submits and re-price orders based on technical indicators and historical data.
A simple yet powerful automated tool for rapid strategy development
Autotrader features multiple levels of automation, a built-in formula engine with 20 formula columns, Microsoft Excel integration, expansive configuration possibilities and strategy prices based on the market or theoretical values.
Automated trading without complex application development
Non-programmers can build simple to complex trading strategies using familiar spreadsheet commands and functions. If you need to deploy custom trading strategies, but cannot afford the time or skilled resources necessary for traditional application development, put the power of TT’s Autotrader to work today.
Utilize the Autotrader™ formula engine to create custom market-making strategies
Make a market around the existing market, around a theoretical value derived from an outside source, such as a fair value calculation derived from cash markets, or around a given theoretical bid and ask.
Chart. Analyze. Trade. With X_STUDY, you chart the prices you trade with data captured directly from the execution price stream, not a consolidated price stream. Charts and decision-support tools demand executable quality prices to accurately analyze and generate trade decisions. X_STUDY is the professional charting solution for professional traders.
Custom Spread Formula
Create custom spread formula charts.
Study on Study
Calculate a study based on another study’s value.
More Technical Indicators
Access 35 new technical indicators.
Command Line Access
Add studies faster using the command line.
New Bar Values
VWAP, Volume POC, Value Area High and Low.
Fully integrated with X_TRADER®
X_STUDY is included with your X_TRADER license at no additional charge. Charts launch from several locations in X_TRADER and save within the X_TRADER workspace.
Link analytic values throughout X_TRADER®
Directly link current or historical values to X_TRADER windows without using Excel.
True spread charting
Along with traditional Last-to-Last traded price comparisons, X_STUDY offers spread charts based on real-world market conditions.
Innovative volume studies
Analyze buying and selling pressure through eight different types of volume indicators.
X_STUDY’s clean chart design maximizes screen real estate and is completely customizable.
ADL (Algo Design Lab) is a visual programming platform that represents a major breakthrough in algorithmic trading. Using drag-and-drop building blocks, traders and programmers alike can rapidly design, test and deploy automated futures and options trading programs without writing a single line of code. With ADL, you can generate executable strategies in hours to seize and act on fleeting market opportunities in timeframes that were previously thought to be impossible.
Code without programming
User-intuitive building blocks generate executable strategies without any manual code generation.
Simulation with live market data
Design and test programs using live market data with the new TT SIM™.
Ultra low-latency execution
All orders are deployed to proximity-based Algo Strategy Engine (Algo SE) execution servers to achieve exceptional performance.
Global market access
Build strategies that trade or respond to any of the 13,000-plus products listed on TT-supported exchanges.
Interactive design canvas
Drag, drop and connect blocks on the ADL Designer canvas to quickly generate sophisticated yet error-free programs.
Built-in safety and testing
Blocks convert to well-tested code to eliminate syntax errors, while feedback and warnings guard against undesirable algorithm behavior.
Limitless flexibility, not canned solutions
Instead of offering pre-made strategies, ADL allows the user to create custom algorithms and manage the lower-level logic.
Seamlessly integrated with X_TRADER® Pro
ADL is free with X_TRADER Pro and fully integrated with the desktop. Launch, monitor and adjust ADL-generated algorithms from the familiar X_TRADER workspace.
A full range of application programming interfaces
TT enables users to customize and extend the power of the underlying platform through a range of application program interfaces. Leverage our robust, high-performance architecture while creating your own custom applications and trading strategies.
The newest application programming interface (API) from TT allows end users and third parties to build faster, more scalable trading applications for desktop and server deployment. TT API is meticulously optimized, resulting in the lowest latency and highest throughput API available on the TT platform. Give your custom strategies an edge with TT API, available at no additional cost to X_TRADER® Pro users.
X_TRADER® API and RTD Server
Extend the power of the TT platform by integrating your automated trading logic, custom price and fill reporting and user-defined trading windows directly into the X_TRADER environment. Build applications using the X_TRADER API (XTAPI) to monitor real-time prices, submit orders, receive order and fill updates, manipulate resting orders based on market events and more.
The XTAPI RTD Server provides an Excel® Real-Time Data (RTD) server for integrating live prices, orders and fills into your Excel worksheets. Build simple to complex trading automation and analytics without complicated programming using XTAPI RTD.
TT’s FIX Adapter provides the industry-standard Financial Information eXchange (FIX) protocol for integrating customer and third-party order routing, market data and trade capture systems with the TT platform. Use the FIX Adapter to quickly and efficiently integrate existing FIX-enabled systems with the TT trading platform for compliance, trade tracking and fill reporting, order management and routing and trade automation.
Design sophisticated trading applications with TT’s fastest API to date
TT once again raises the bar for application performance and scalability with TT API. The newest application programming interface (API) from TT allows end users and third parties to build faster, more scalable trading applications for desktop and server deployment. TT API is meticulously optimized, resulting in the lowest latency and highest throughput API available on the TT platform. Give your custom strategies an edge with TT API, available at no additional cost to X_TRADER® Pro users.
Develop server applications with TT’s next-generation API
TT API enables developers to design server-based trading applications for proximity-based deployment. Deploy any number of applications and monitor their progress, including the underlying markets and P&L, in real time from a single X_TRADER screen.
Build low-latency trading systems without maintaining complex exchange connectivity
TT API is integrated with the full suite of TT’s high-performance exchange gateways, providing a normalized view of the world’s leading derivatives markets while offering lower latency and greater throughput over our legacy APIs. Using TT API, developers can build applications that submit new orders or modify existing orders in microseconds without the associated burden of developing, testing and maintaining complex exchange connectivity. The normalized TT platform ensures that a strategy developed for a particular market can be retargeted to new exchanges and markets without time-consuming code changes and extensive re-validation.
Leverage TT’s high-performance Strategy Engine technology
TT’s Autospreader® Strategy Engine (Autospreader SE) and Synthetic Strategy Engine (Synthetic SE) servers have become standards in electronic futures trading, allowing users to define and submit custom spreads and synthetic orders for proximity-based execution across one or more venues. TT API provides developers the ability to submit SE orders without writing the complex logic that implements these synthetic order types. For example, a multi-leg, multi-exchange synthetic spread on Autospreader SE can be created and managed as a single order using TT API, enabling users to capitalize on new trading strategies without lengthy implementation and test cycles. Similarly, synthetic orders such as stops, trailing limits and slicers, including custom icebergs, percentage of volume (POV) and time slicers, can be submitted as simple orders from TT API to Synthetic SE, eliminating the need for developers to design, optimize and test complicated synthetic order behavior.
Utilize modern programming technology to develop powerful applications
TT API offers advanced development capabilities through full integration with Microsoft Visual Studio 2010, including built-in TT API reference documentation, IntelliSense and Tool Tips. In addition, TT API is compatible with .NET 4.0 and supports multithreaded application development for true concurrent processing.
Available at no additional cost for X_TRADER Pro users
TT API offers powerful new capabilities not previously available on the TT platform. Whether deploying desktop applications that extend X_TRADER or server applications for automated trading, an X_TRADER Pro user can run as many instances of local- and server-mode TT API applications as desired at no additional cost.
X_TRADER® API, RTD Server and Excel®
Extend. Enhance. Enrich.
You can extend the power of X_TRADER Pro with the X_TRADER API (XTAPI). By tapping into the XTAPI, you can develop custom add-on applications that enhance your electronic trading strategies. Applications developed with the XTAPI can receive real-time market prices and updates, submit and execute orders, receive order and fill information, manage orders in the X_TRADER order book, leverage Excel spreadsheets with Real-Time Data (RTD) and more.
Create custom strategies
The XTAPI allows you to extend your X_TRADER Pro environment with custom trading strategies and decision-making applications. With XTAPI, you can capture split-second opportunities and respond to changing market conditions that would outpace manual actions. You can monitor and react to dozens of markets simultaneously without the need for additional servers, hardware or data circuits. Use XTAPI to integrate your proprietary automated trading strategies while taking advantage of the flexible X_TRADER tools, including market depth ladders, consolidated pre- and post-trade risk management, position keeping, customer and order defaults and more. XTAPI allows you to harness the power of automated trading thorough TT’s robust and feature-rich API.
Build robust applications with the industry-leading API
XTAPI is used by trading firms worldwide for its robustness, flexibility and comprehensive developer support program. Rest assured that your proprietary strategies will execute as designed, when split-seconds matter most, leveraging XTAPI’s unrivaled performance, resiliency and advanced functionality.
Consistent interface across dozens of exchanges
With XTAPI, there is no need to redesign your application to trade new exchanges and markets. Applications developed using XTAPI can be applied to new exchanges without time-consuming modifications. Apply your strategies consistently and effectively to markets worldwide, while enjoying the resiliency and performance of the underlying TT platform.
RTD: Import Real-Time Data into Excel® spreadsheets
XTAPI features a Microsoft Real-Time Data (RTD) server that enables you to import real-time prices, orders and fills directly into Excel spreadsheets, allowing you to customize your X_TRADER Pro environment without complex programming. Whether you are a sophisticated developer wishing to use the advanced programming features of the API, or a less complex user looking to leverage RTD to simply import live prices, orders and fills into your Excel spreadsheet models without programming, RTD and XTAPI deliver the power and flexibility you need to build your custom edge.
Efficient enterprise integration with TT’s industry standard FIX 4.2
TT’s FIX Adapter represents our commitment to open access via the industry-standard Financial Information eXchange (FIX) protocol. Submitting trades, monitoring prices and capturing orders and fills into third-party systems has never been easier. TT’s FIX Adapter provides a rich set of capabilities that facilitate rapid integration with FIX-enabled order routing and middle/back-office systems. The FIX Adapter provides the most flexible means of integrating TT’s platform with your enterprise-level systems.
Integrate third-party systems
TT recognizes that users face a wide choice of complementary solutions, including third-party order management and back office systems. To “future proof” your commitment to TT, the FIX Adapter guarantees that orders, prices and fills can be seamlessly integrated with your choice of third-party systems. Whether you want to route orders from your OMS, capture fills into your back-office system or monitor trades and risk for middle office and compliance, TT’s FIX Adapter provides a highly robust and open solution for enterprise-level integration.
TT’s leadership in FIX integration
Nobody understands FIX-based derivatives better than TT. Whether it’s our deep experience building high-performance connectivity to FIX-based matching engines, our participation in and contributions to the FIX Protocol Limited organization or our desk of FIX customer support and development specialists, no firm is better equipped to assist you with integrating electronic derivatives trading than TT. See why so many electronic brokers have chosen TT’s FIX Adapter for hundreds of their clients worldwide.
Centralized user management
The TT platform provides centralized user and risk administration for all users, including those who use either X_TRADER® or any of our APIs. So whether you are setting up a new X_TRADER user or configuring a FIX-based black box, TT provides a common and consistent set of tools for user administration.
TT Developer Support
TT provides support to developers, consultants and third-party vendors who integrate to the TT FIX Adapter through seasoned Developer Support specialists and the development questions are answered quickly and confidently. Conformance testing services, including test scripts and access to the TT FIX conformance environment, are available for every project, whether you’re a customer or third-party vendor. Best of all, TT provides comprehensive development support services free of charge. Once the integration work is completed and certified, TT offers ongoing operational support to ensure that your FIX application continues to run at the highest level of quality and performance. No other vendor provides this level of FIX development support. See why brokerage firms and their customers worldwide are turning to TT’s FIX Adapter.
Ultra-low-latency for high-frequency and automated traders
Capitalize on high-performance proximity-based computing and execution with TT’s Strategy Engine (SE) family of server-side execution solutions. They deliver sub-millisecond performance whether the exchange is across the street or around the world. Reacting to market data events and fills in microseconds means gaining a real edge over your competition.
Algo Strategy Engine
Algo Strategy Engine (Algo SE), in conjunction with TT’s award-winning ADL® (Algo Design Lab), presents a revolutionary approach for deploying simple to complex algorithms without complicated programming. Algo SE is based on TT’s Strategy Engine technology, offering high performance with world-class reliability. TT’s ADL and Algo SE let you bring your strategies to market quickly, and execute those strategies with sub-millisecond performance on dozens of exchanges worldwide.
Autospreader® Strategy Engine
TT’s Autospreader Strategy Engine (Autospreader SE) integrates seamlessly with X_TRADER® with zero learning curve for experienced Autospreader users. You can trade synthetic spreads based on implied price, fixed income convention with fractions, net change, ratio and yield. Autospreader SE facilitates ultra-low-latency spread trading on geographically distant exchange platforms.
Synthetic Strategy Engine
The Synthetic Strategy Engine (Synthetic SE) enables users to create customized synthetic orders based on a wide variety of underlying synthetic order types, including icebergs, slicers, machine guns, trailing stops and limits. With Synthetic SE, traders define and reuse custom synthetic orders from X_TRADER, with both outright and synthetic order book sharing. Learn more
Eliminate geographic latency
Geographic distance puts even the fastest trading systems at a measurable disadvantage over locally-hosted applications. TT’s Strategy Engine servers are designed to level the geographic playing field, allowing remote traders to compete effectively without being disadvantaged by their location. Now you can simultaneously trade Europe, the Americas, Asia and Australia – all with microsecond-level performance from a single trader workstation.
Scalable server platform
TT’s innovative multithreaded server design allows the Strategy Engine products to handle hundreds to thousands of concurrent strategies, all with blistering performance and unrivaled stability.
Bandwidth managed and unfiltered data – the best of both worlds (TTNET™ customers)
An ever-growing problem in high-frequency trading is managing the vast amount of market data produced by electronic markets. TT’s Strategy Engine products are designed to execute against the exchange’s full, unfiltered market data, meaning your strategy can monitor and respond to every single quote or trade that occurs in any trading session. At the same time, intelligent filtering provides bandwidth-managed market data to the trader’s workstation. This means that traders can execute their strategies in high-volume markets without missing a single tick, while the bandwidth required to support their local workstations is optimally managed, avoiding expensive high-capacity data circuits to the trader’s desktop.
Hosted or deployed – the choice is yours
You can elect to use the TTNET™ global hosting service, with data centers located in major financial centers worldwide and supported 24 x 7 by expert TT operations staff. Or you can choose to deploy and maintain your own physical network and infrastructure. In either case, you enjoy the benefits of TT’s world-class proximity servers and high-performance trading software. The choice is yours.
Algo Strategy Engine
Implement high-performance algorithms without writing a line of code
Algo Strategy Engine (Algo SE), in conjunction with TT’s award-winning ADL™ (Algo Design Lab), presents a revolutionary approach for deploying simple to complex algorithms without complicated programming. Algo SE is based on TT’s Strategy Engine technology, offering high performance with world-class reliability. TT’s ADL and Algo SE let you bring your strategies to market quickly, and execute those strategies with sub-millisecond performance on dozens of exchanges worldwide.
Simple and fast algorithm deployment
Algo SE puts an end to complicated code deployment issues. Users with appropriate permissions can deploy algorithms to the Algo SE server of their choice in seconds, whether that server is across town or around the world. Traders can deploy algorithms strictly for their own use, or share them with one or more users without assistance from trading systems administrators or operations staff. Algorithm deployment and updating has never been faster or easier, because with Algo SE, a trader can deploy to a desired market in seconds with only a few simple commands.
High-performance algorithms coupled with TT functionality
Your ADL algorithms execute in microseconds on Algo SE, while the powerful TT platform works behind the scenes to control position limits, P&L and self-crossing. Monitor your algorithmic trading using the power and features of TT’s award-winning X_TRADER® desktop, while you trade algorithmically with the reliability and control you’ve come to expect from TT.
Multi-threaded, concurrent architecture
The Algo SE sixty-four bit architecture is based on the highly scalable, multi-threaded design of the TT Strategy Engine family. This means that your algorithms can respond to market prices and fills in small fractions of a millisecond, while hundreds of algorithms are running concurrently. Whether you trade a single strategy in a single market, or hundreds in dozens of markets, Algo SE ensures you capitalize on the superior technology and performance of TT’s sixty-four bit proximity servers.
Autospreader® Strategy Engine
Define. Submit. Fill. – Faster with proximity spread trading
TT’s Autospreader is the industry-leading application for defining, managing and executing synthetic spreads on a single market or across multiple exchanges. The Autospreader Strategy Engine (Autospreader SE) combines Autospreader’s spread trading flexibility with ultra-low latency proximity execution, resulting in superior performance and minimal slippage.
No learning curve
Autospreader SE is based on TT’s industry-leading Autospreader spread trading application. Users who are already familiar with the intuitive desktop Autospreader require no additional training to use Autospreader SE. The familiar Autospreader user interface drives Autospreader SE without the need for new commands or tools. Autospreader SE uses existing Autospreader spread configurations without modification, which allows you to go from desktop to server-based trading in a single step, with zero additional training or support.
Multi-threaded, concurrent architecture
Autospreader SE is built on the highly scalable, multi-threaded architecture of the TT’s Strategy Engine family. This means synthetic spreads are launched, quoted and filled in small fractions of a millisecond. Whether you trade a local market or an exchange on the other side of the world, Autospreader SE ensures you capitalize on the superior technology and performance of TT’s high-performance proximity servers.
Shared synthetic order book
Users can share synthetic order books on the TT platform, meaning that multiple users can view, re-price and cancel shared synthetic spread orders as easily as exchange-traded contracts. Whether you are part of a brokerage team or proprietary trading desk, synthetic order sharing on TT’s platform means better visibility, collaboration and support among traders and brokers.
Optimized multi-leg hedging
Autospreader SE employs TT’s latest hedge order algorithms for multi-leg synthetic spread orders. This means that spreads comprised of three or more legs leverage TT’s most advanced multi-leg hedging logic to improve synthetic spread trades. In addition, synthetic spread fills provided by the TT platform accurately reflect the true realized price of all synthetic trades.
Synthetic Strategy Engine
Custom synthetic orders with consistency, proximity and flexibility
Trading global markets has never been easier. But as new exchange matching engines and products emerge, a host of exchange-specific order types complicates the ability to trade consistently across venues. A new order type introduced on an exchange in Asia may have no functional equivalent in America. With TT’s Synthetic Strategy Engine (Synthetic SE), simple to complex synthetic order types can be defined and applied consistently across exchanges worldwide. And the Strategy Engine architecture ensures that synthetic orders are worked and filled with microsecond timing and accuracy.
TT’s Synthetic SE allows you to create customized synthetic orders and apply them consistently across exchanges. For example, you can define a stop limit which, when triggered, becomes a volume-slicing order that sends randomized disclosed quantities based on traded volume thresholds. This custom order can be saved as a template in X_TRADER® and applied consistently to any market supported by TT.
Wide range of order types and parameters
Synthetic SE provides a range of base synthetic orders, including Timed, Stop, If Touched, Trailing Limit, Trailing Stop, Machine Gun/Market On Open, Iceberg, Volume Sliced and Time Sliced orders. Each base order type has multiple parameters associated with it, enabling you to further customize behaviors such as half life, disclosed quantity randomization, end time and absolute/relative trigger and order price values. Behaviors can be combined as well. For example, an if touched order can be configured to morph into a time sliced order when the trigger condition is met in the market.
Multi-threaded, concurrent architecture
Synthetic SE is built on the highly scalable, multi-threaded architecture of TT’s Strategy Engine family. This means synthetic orders are quoted and filled in small fractions of a millisecond. Whether you trade a local market or an exchange on the other side of the world, Synthetic SE ensures you capitalize on the superior technology and performance of TT’s high-performance proximity servers.
Shared synthetic order book
Users can share synthetic order books on the TT platform, allowing multiple users to view, re-price and cancel shared synthetic orders as easily as exchange-traded contracts. Whether you are part of a brokerage team or proprietary trading desk, synthetic order sharing through TT means better visibility, collaboration and support among traders and brokers.
A next-generation solution for real-time modeling without risk
TT SIM™, TT’s next-generation trading simulator, allows traders to test strategies against a live production price feed via a simulated matching engine. The new TT SIM requires no additional hardware and is available free of charge with all X_TRADER® licenses.
TT SIM runs on the X_TRADER workstation, meaning no separate server hardware is required for simulated trading.
The TT SIM matching engine has been tuned to closely mirror the performance and feel of live production trading.
Test strategies against production prices for dozens or hundreds of contracts at a time.
Easy to use
TT SIM requires minimal configuration. There is no need to configure contract information or manually roll expiry dates.
Test strategies and build workspaces in simulation, then seamlessly launch them in production.
Supported Order Types
Limit, Market, Fill or Kill, Immediate or Cancel, Minimum Volume, Stop Limit, Stop Market, Timed (Start Date/Time, End Date/Time), Triggered (Stops, If Touched), Trailing (Stops, If Touched, Limit), Sliced (Iceberg, Time Sliced, Volume Sliced, Time Duration, Volume Duration), Retry (Machine Gun)
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Test ADL® strategies against pro-rata matching algorithms.
Supports vanilla pro-rata, priority pro-rata and enhanced priority pro-rata algorithms.
Enhanced priority pro-rata includes configuration for minimum volume, volume cap and combinations thereof.
Pro-rata algorithms are fully user-configurable.
Free access to X_TRADER Pro including ADL, Algo Strategy Engine, Synthetic Strategy Engine and the X_TRADER API regardless of whether licenses exist for those TT products.
Simulated trading of any future, spread, option, energy or other product available for live trading on the TT platform.
Seamlessly integrated into X_TRADER.
See your own orders reflected in the simulated price feed.
Reset your positions and P&L on demand any time you want to restart testing.
Develop and test strategies and applications built using TT’s high-performance API products.
Optionally test your strategies subject to the same pre-trade risk limits you would have in live trading.