Monday, March 30, 2015

#PreviewTT: APIs

Last week on Twitter, #PreviewTT focused on the new APIs that we’re making available with the new TT platform. Tests show these are our fastest APIs to date, providing users with more flexibility and access than ever before. With normalized interfaces to all TT-connected exchanges, these APIs will allow customers to focus on building strategies and trading tools instead of dealing with exchange-specific nuances.

The APIs include:
  • The TT Software Development Kit (TTSDK), a high-performance Linux, C-based API for creating custom algorithms that run them on TT's co-located execution servers.
  • A series of Web services for building rich client applications using the same APIs that we use to create the TT front-end applications. 
  • FIX services that make connecting FIX applications to TT easier than ever. 
Scroll down for more on the new TT platform APIs, and keep following the #PreviewTT hashtag on Twitter for more. Starting tomorrow, we’ll be taking a closer look at the new TT Autospreader.




Wednesday, March 25, 2015

Virtual Trading Room at DePaul University Offers Real-World Advantage


Rob Wherry, MBA student, and Michelle Golojuch, finance and accountancy major, track a stock on a Bloomberg terminal in DePaul's Finance Lab. The virtual trading room contains the latest in high-tech trading, investing and finance software.
The statement from the Federal Open Market Committee (FOMC) meeting in January had barely been made public before DePaul University finance student Arman Hodzic saw the reaction in the markets. Hodzic watched in real time as the Standard & Poor’s 500 Index and the yield on the 10-year Treasury reacted to the news.

Traders and investors were responding to the Federal Reserve’s statements on monetary policy. Prior to the announcement, Hodzic and his partners, fellow undergraduate students Alex Netzel, Dhruvish Shah and Brendan Newell, used Trading Technologies ADL® (Algo Design Lab) to create an algorithm that would take long positions on the market and hopefully earn them virtual profits.

Hodzic and his team used specially engineered keyboard terminals created by Bloomberg L.P. to access real-time market data to see the pendulum-swinging Treasury yields and the S&P in vivid charts, graphs and numbers.

They waited patiently, watching the “iceberg” algorithm they created execute automatic trading actions. At the end of their trading they had a simulated $33,000 profit.

“The market was acting really wildly and we profited off that,” says Hodzic. He was one of about 40 students enrolled in a “Money and Banking” course who participated in the simulated trading event at DePaul on Jan. 28. They experienced firsthand how announcements by the FOMC, a Federal Reserve committee charged with setting monetary policy, can precipitate a flurry of investment and trading activity.

Monday, March 23, 2015

Search and You Will Find

Although TT has only recently been released to the public worldwide, for the last year, we have been honing and refining the software in our early-access program. One of the features of the new TT platform that has received a significant amount of attention is a key differentiator in the way users can scan the universe of tradeable products.

From the outset, TT offered a natural word search, which was already a game-changer from the “hunt and peck” method of sifting through an exchange, type, product or expiry. In TT, a user can type “corn” and get a list of results for corn futures, spreads, options, etc. on any supported exchange.

Now, TT has enhanced the search functionality even more, such that each selection from a list of results can add context to narrow down a search.

For example...
User types in “cme” and gets a list of exchanges and related products:


The user selects “CME.” Next, the user searches for a product. Because CME was already selected as a delimiter, only products listed at CME will be in the results list:


However, if the user clicks the “tab” key after typing ES, the product becomes another delimiter:


All subsequent searches will occur only within this product. Since the product is more narrow than “CME,” the user could even remove the CME context and get the same results:


Tuesday, March 17, 2015

It's Always Sunny In...Boca

The 40th annual FIA International Futures Industry Conference in Boca Raton has come and gone. And it being my first FIA Boca, I thought I’d share some of the highlights from my experience.

The week was filled with interesting speakers and discussions on the relevant futures industry issues. Regulation, risk, globalization and the evolving FCM business models were hot topics across the panels and on the minds of the industry leadership.

I personally enjoyed the Global Exchange Leader panel. This was hosted by Bloomberg TV’s Betty Liu. What a great opportunity to see all the CEOs of the major global exchange operators together on stage. @Trading_Tech even got a retweet from Betty on one of our posts!



Blu Putnam, the CME’s Chief Economist, gave his outlook for 2015 by providing reflections and trends across the range of markets. It was like going back to college and attending econ class–very thought-provoking...but with very few answers.