Trading Technologies Launches New TT Premium Order Type for Synthetic Multi-Leg Spread Trading

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, announced the introduction of TT Splicer, a new TT Premium Order Type that provides industry-first functionality for synthetic multi-leg spread trading.

Joe Signorelli, EVP & Managing Director, Quantitative Trading Solutions, said: "TT Splicer combines the ease and flexibility of TT's market-leading Autospreader® with the power of our best-in-class execution algos to uniquely minimize slippage and optimize trade execution when trading synthetic multi-leg spreads. This is an exciting development that gives our clients the ability to create a host of new trading opportunities and applications that meet their needs."

TT Chief Operating Officer Justin LLewellyn-Jones said: "Our execution algo suite has gained popularity throughout the world for the ability to provide cutting-edge, low-latency execution across listed derivatives, equities, fixed income and FX. The launch of TT Splicer is illustrative of our commitment to continuously improve on the functionality and breadth of the suite and our TT platform."

According to the announcement, TT Splicer uniquely enables users to leverage Autospreader to create a synthetic multi-leg instrument on any exchange – even if the exchange doesn't list those products – and then utilize one of TT's built-in algos to seamlessly manage order execution. TT Splicer coordinates leg execution across colocated servers and instantly tracks all fills in real time, while dynamic custom ratios continuously balance risk.