Trading Technologies Launches New FCM and Broker OMS

With TT OMS, TT will be able to onboard and accommodate the most complex and complicated integrations, order-handling workflows and client-servicing needs. TT OMS will service every product and instrument accessible on the TT platform, including futures, fixed income and cryptocurrencies. TT OMS requires no long-term commitment, making it a cost-effective solution in today’s cost-conscious environment.

“TT OMS will offer key benefits that clients are demanding now: cost efficiencies, vertical integration and technology consolidation,” said CEO Rick Lane. “Connecting the two critical aspects of order management and execution will provide the quality and service customers have come to depend on from TT across all of their order handling needs.”

“Trading Technologies has dedicated the last five years to building out a trading platform that can quickly scale, and we’re excited to deploy that technology into the OMS space now,” said CTO Drew Shields. “With our professional-grade technology, we’re able to offer futures commission merchants (FCMs) and brokers an unparalleled combination of higher-quality product with higher performance and reliability, all delivered at the most competitive cost. ”

Key capabilities of TT OMS include:

• FIX integration with any upstream or downstream system
• Simple and complex care order (high-touch) workflows
• Pre-execution multi-broker allocations
• Post-trade multi-account allocations
• Custom and scheduled client recap reporting
• Order passing, importing and execution sharing
• Alerting and monitoring tools for both order and market events as well as error handling
• Aggregated positions and order book for real-time risk management
• Integrated surveillance solution with TT Score

TT OMS will initially benefit FCMs and brokers as a solution for their futures and fixed income order management. Over time, this product offering will be the foundation for addressing new asset classes and potential buy-side clients. Everything will be supported with world-class service from TT’s global support and customer success teams.

TT is currently working with several clients on implementation. TT OMS is expected to be operational starting in early 2019. Firms interested in TT OMS can contact the TT sales team for more information or visit TT’s booth at the Futures Industry Association’s FIA Expo conference in Chicago this week.