Mercury will also continue to use TT’s professional trading tools, including but not limited to Autospreader, ADL, charting, TT Mobile, and functionality for options trading and analytics, with access to all TT-connected markets.
Mercury Derivatives Trading has renewed its contract with Trading Technologies for use of the TT trading platform, including global infrastructure services and APIs for low-latency trading.
Mercury, a subsidiary of Hertshten Group, will use TT Prime to maximize spread trading performance and TT Core SDK to build low-latency C++ applications.
Mercury will also continue to use TT’s professional trading tools, including but not limited to Autospreader, ADL, charting, TT Mobile, and functionality for options trading and analytics, with access to all TT-connected markets.
TT’s privately managed infrastructure was designed specifically for professional traders to deliver secure market access from anywhere in the world. The platform boasts customizable tools to accommodate trading strategies that range from manual point-and-click trading to single-digit microsecond automated order entry.
Gedon Hertshten, Founder of the Hertshten Group, said: “We value our long-term partnership with TT and are happy to broaden our use of TT’s advanced software and services to achieve even greater performance benefits.”
Steve Stewart, Managing Director Sales EMEA of Trading Technologies, said: “This renewal reaffirms the relationship between Mercury and TT and illustrates how our partnership has grown since our previous contract was signed in 2017. TT’s best-in-class infrastructure and API offerings will provide Mercury with even more flexibility while ensuring continued ultra-low-latency performance across the global markets.”
Trading Technologies has recently partnered with FEX Global, the newly launched Australian futures exchange, to provide the TT platform to trading participants, with all futures and options listed on FEX Global being available through TT, as well as its full suite of tools, including functionality for spread and algo trading, charting and analytics, mobile trading, options, FIX services and API development.
The firm has recently waved goodbye to CEO Rick Lane. As a consequence, Geannopulos himself has rejoined Trading Technologies as Chairman and CEO earlier this year after leaving several years ago. He was a co-founder and president of Neurensic and previously executive vice president, global head of sales at TT.
The firm also promoted four executive leaders in the organization to top positions. Farley Owens, former Head of Product Marketing, was elected President of TT. Roger Mills, former EVP Finance, was appointed Chief Financial Officer. Guy Scott, former MD of Sales, Americas, is now EVP Global Head of Sales. Bharat Mittal, former EVP Engineering and Architecture, was promoted to Chief Technology Officer.
Michael Kraines, who served as President and Chief Financial Officer since 2017, has departed from TT for another opportunity.
