Trading Technologies Launches New FX Business Unit, TT FX, Names Tomo Tokuyama as Head

Trading Technologies International, Inc.​ (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, announced today the establishment of a new FX business arm, TT FX, marking the company's latest expansion into new asset classes.

According to TT CEO Keith Todd, TT FX will leverage the global distribution capabilities of TT platform, the award-winning functionality of the firm’s execution management system (EMS) and the wide choice of liquidity providers to deliver a truly best-in-class solution.

TT FX will be led by Tomo Tokuyama, who boasts an extensive FX trading track record on the buy side and sell side. Most recently, he served First Quadrant, LLC, a multi-billion dollar quantitative fund manager, as Head of Trading. He has spent over a decade in the firm.

According to the official press release, schedualed for late 2023, the first phase of implementation for TT FX will allow TT buy-side clients to trade spot FX through a choice of curated ECNs. In early 2024, the new arm will extend offering to include liquidity from major banks, and scale up the product suite to include forwards, non-deliverable forwards (NDFs) and swaps.

"We have more than 6,000 buy-side users alone on the TT platform – including hedge funds, CTAs, proprietary traders and commodity trading firms – who already trade a huge amount of FX on other systems and platforms. Following many months of outreach and research with our clients, we've heard significant positive feedback and strong demand to consolidate this activity on TT's EMS," said Keith Todd.

"We are delighted to have Tomo on board to lead this initiative for TT. He brings a wealth of knowledge and expertise in this space from both the sell-side and buy-side perspectives." 

Tomo Tokuyama said, "I have long believed that technology will continue to advance and shape the future of FX trading through greater focus on automation and data. I'm pleased to join a firm that not only shares that view but listens carefully to clients to deliver innovative tools and access to markets that traders and firms actually want. FX is in high demand by TT clients, and I'm excited about the opportunity to further shape the FX strategy and deliver a product that TT clients will be proud to use."