MathWorks and Trading Technologies Achieve Integration, Streamlining Access to TT Exchange Connectivity and Order Execution within MATLAB

CHICAGO & NATICK, Mass.--(BUSINESS WIRE)--

Trading Technologies International, Inc. (TT), a leading provider of order-entry software and solutions for professional derivatives traders, and MathWorks, developer of MATLAB, a programming environment for algorithm development, data analysis, visualization and numerical computation, today announced that TT's X_TRADER^® API (XTAPI) is now integrated within the MATLAB environment. Through this integrated solution, financial engineers, traders and analysts who use MATLAB can now leverage TT's high-performance market connectivity and X_TRADER order-entry platform to access exchange price feeds, submit orders directly to the market and monitor working orders and positions.

MathWorks' Computational Finance Product Manager Stuart Kozola said, “By adding TT's XTAPI capabilities to MATLAB, our customers will be able to easily move from their trading strategy prototypes into live trading, all within the MATLAB environment.”

MATLAB Datafeed Toolbox leverages TT's XTAPI to access exchange price feeds and position data from TT's platform and execute custom strategies via X_TRADER. Quantitative traders have access to a streamlined workflow for harnessing large amounts of data, developing quantitative strategies, and handing them off to TT's reliable execution platform. Orders placed through MATLAB display in the X_TRADER workspace for monitoring and order management. Additionally, clients can use TT's automated trading tools, including the new ADL™ visual programming platform, to develop complex strategies that react to trades placed through MATLAB. Available immediately, this integration provides the only direct order-routing connectivity between MATLAB and a futures execution platform.

Rick Lane, EVP/CTO with TT, said, “This integration allows our customers to utilize MATLAB's powerful mathematical functions to process massive amounts of quantitative data, then use the resulting insights to seamlessly place orders in the market through the TT platform. We believe our clients will find tremendous value in this solution.”

About Trading Technologies

Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER software and related services provide direct access to dozens of the major international derivatives exchanges. TTNET™, TT's fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, São Paulo, London, Frankfurt, Singapore, Tokyo and Sydney. Headquartered in Chicago with 12 offices globally, TT has received “best in class” awards from numerous independent third parties including Buy-Side Technology, FOW, The Technical Analyst and Chicago magazines as well as the Illinois Information Technology Association (ITA).

About MathWorks

MathWorks is the leading developer of mathematical computing software. MATLAB, the language of technical computing, is a programming environment for algorithm development, data analysis, visualization, and numeric computation. Simulink is a graphical environment for simulation and Model-Based Design of multidomain dynamic and embedded systems. Engineers and scientists worldwide rely on these product families to accelerate the pace of discovery, innovation, and development in automotive, aerospace, electronics, financial services, biotech-pharmaceutical, and other industries. MathWorks products are also fundamental teaching and research tools in the world's universities and learning institutions. Founded in 1984, MathWorks employs more than 2400 people in 15 countries, with headquarters in Natick, Massachusetts, USA. For additional information, visit www.mathworks.com.

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