Trading Technologies Introduces New Futures TCA and Trade Surveillance Tools

​Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced the introduction of TT Futures TCA and TT Trade Surveillance, two new offerings that significantly enhance its Data & Analytics and Compliance lines of business. 

TT Futures TCA, a comprehensive transaction cost analysis (TCA) tool for futures trading, leverages the largest collection of anonymized, millisecond-level futures market and trade data with a vast array of metrics and measures. 

According to the announcement, the new TCA for futures capability will enable users to choose from an array of customizable reports to analyze and improve their trading strategies while measuring the efficacy of their trading counterparties. The capability is available now and will be integrated in early 2025 into the TT platform as a widget on the front end.

TT Trade Surveillance, powered by the proprietary SCORE machine learning algorithm, combines new multi-asset coverage and dozens of new configurable models with the machine learning-driven models from TT Score, the company's first-generation trade surveillance platform. 

The company noted that TT Trade Surveillance adds 47 new user-configurable surveillance models to its existing suite of models driven by machine learning technology. The new models are designed to detect a wide range of manipulative or disruptive trading activities, including insider trading, front-running and naked short-selling practices.

The firm plans to upgrade and shift all TT Score users to TT Trade Surveillance in the second half of this year.

TT Chief Operating Officer Justin Llewellyn-Jones said: "We are constantly in a mode of identifying opportunities that will enhance our clients' experience, simplify their day-to-day operations, increase efficiencies and add value to the trade life cycle. The introduction of our new futures TCA and expanded multi-asset trade surveillance capabilities are the latest examples of how Trading Technologies and the TT platform play a pivotal role in the global financial markets."