Friday, September 19, 2014

Trading Technologies Supports Yield Trading of CME's Eurodollar Bundle Futures

Easily create and trade yield spreads between CME
Bundle futures and other products with Autospreader®.
CME Group will launch the Eurodollar Bundle futures and options at the start of the Sunday evening session (22-September-2014).

The 2-year, 3-year and 5-year Bundles will trade as an "average price" bundle rather than a "net change" bundle.

Trading Technologies' X_TRADER® is ahead of the curve with full support for the Bundle Yield Index and the ability to trade yield spreads with a single click.

X_TRADER allows traders to quickly create and trade yield spreads between CME Bundle futures and:
  • Other CME products (e.g., ZT, ZF, ZN, Net Change Packs and Bundles)
  • U.S. Treasury securities (e.g., UST2y, UST3y, UST5y,UST7y and UST10y)
  • Euribor futures
  • German futures (e.g., Schatz and Bobls)

Sean Tully, Senior Managing Director of Financial and OTC Products at CME Group said, “We believe the Trading Technologies single-click trading functionality will be useful in fostering the development of these products. We’re happy to have TT’s support in providing this unique functionality from the first moment of trading.”

Wednesday, September 10, 2014

Learning from the Pros at the U.S. Open

Gael Monfils (FRA), right, gets a shot past Roger Federer (SUI) on day 11 of the 2014 U.S. Open tennis tournament. Photo: Reuters/Robert Deutsch-USA TODAY Sports.
"If something's not working, change it up."

When a frustrated coach said this to an even more frustrated player during a regular season Division III collegiate tennis match, she had no idea she was giving this student-athlete a guiding principle for a future career in the user experience (UX) design of software. At the time, I certainly didn't recognize this as a pearl of wisdom, but it has helped immensely in the way I approach almost everything including software design.

After watching Roger Federer conquer Gael Monfils in the men’s quarterfinals of the U.S. Open last week, I realized this is a takeaway not only for amateur tennis players turned product managers, but for players on the pro tour, for traders and for life.

In Thursday’s match, both Federer and Monfils headed onto the court well practiced and with a strategy. They had studied each other’s strengths and weaknesses. They had improved themselves. Federer has focused on his net game this year, and Monfils on his concentration and intensity.

In software, you design a user experience with all the best intentions and the best strategy: you get a handle on who your users are, you talk to them, you ascertain their specific use cases, you design an interface, you massage it based on the available technology (or you find the right technology to make it work), you provide all the right feedback mechanisms, you prototype it if you have the opportunity, you test it, and then you put it out into the world.

Tuesday, September 2, 2014

What's in a name?

What's in a name?
That which we call a rose
By any other name would smell as sweet.
          - William Shakespeare, Romeo & Juliet
Late last year, a group of us convened to tackle a formidable task: the naming of our next-generation professional trading platform, which we’re preparing to release later this year. We came armed with brainstorming supplies including a long list of names generated by an employee contest, ideas submitted from our agency partners, a thesaurus, many internet-connected devices and a bunch of exercises designed to spark creativity.

That initial meeting yielded a shortlist of contenders. In the weeks that followed, we continued to evaluate the options and narrow the field. We agreed that the perfect name not only needed to be catchy, unique and memorable but also reflective of what our brand is all about. Eventually, we rallied around a name that was derived from our flagship product, X_TRADER®.

People responded positively and liked what they saw in the new platform. Traders were very happy to learn that the new platform was expected to be significantly faster than our existing technology. They really liked how the Software-as-a-Service (SaaS) delivery model would make it possible for them to view and trade the markets on the latest version of our technology from practically any internet-connected desktop or mobile device. They were also eager to gain access to technology like the “forever audit trail,” which allows them to search and gain insight from their trading activity dating back to the day their TT account was created.

Sunday, August 24, 2014

Calling All Voters

Cast your vote for our CEO, Rick Lane, as Technologist of the Year.
Our CEO, Rick Lane, has been named a finalist in the Illinois Technology Association (ITA) CityLIGHTS Awards. He is up for Technologist of the Year, which recognizes the individual whose talent has championed true technology innovation.

Rick has been innovating with technology his whole career. He began at Booz Allen Hamilton, where he developed defense-analysis software for the U.S. Department of Defense and other government agencies. He went on to write trading algorithms at a proprietary trading firm before co-founding TickIt Trading Systems. At TickIt, he democratized automated trading when he architected the industry’s first visual programming platform, ADL® (Algo Design Lab).