Trading Technologies and Mysteel Singapore to Launch Interdealer Broker Trading Venue for Metal Futures

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, announced that it has built a partnership with Mysteel Singapore Pte ltd (Mysteel), a leading commodities broker with a major focus on China, to roll out an electronic liquidity pool to facilitate the matching of block futures for commodities products.

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According to the official press release, Mysteel will operate the venue, which will go live in Q4 2021 using a private matching solution developed by TT. This agreement also provides Mysteel’s clients, located both in China and internationally, with access to the TT® platform and use of TT’s suite of tools.

In the first phase, Mysteel will support trading in iron ore and steel, with plans to add other products in the future. Clients will be able to leverage access to the larger liquidity pool of the block futures markets while simultaneously accessing other listed markets, including China, to leverage arbitrage trading opportunities.

“Being chosen as the underlying technology and market access provider for Mysteel’s liquidity pool is a testament to the expanded capabilities of the TT platform. Mysteel’s solution will allow clients to access the larger block size volumes for commodities with the same set of advanced tools they use to trade the exchange order book. We expect this will be extremely appealing to serious commodity players,” said Mark Pottle, TT Regional Executive Sales Director.

Last month, Fazzaco reported that TT has connected to Poland's Warsaw Stock Exchange (WSE)​, enabling its global user base to access derivatives products listed on WSE through the TT platform.