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Release Notes

Explore key releases enhancing trade execution and management.
Settings- Sounds for Algo submitted/canceled orders 
  • Currently, the sounds for “New” and “Cancel” orders play for both manual orders and orders by automated tools. We have now separated the order actions between manual and algo to allow you to be notified when one or the other occurs. To implement this, the current two sound settings have been renamed to reference manual actions, and we have added two new sound settings for algo actions. 
Settings-  Increase number of custom action buttons
  • You can now configure up to fifty (50) custom action buttons on the Order Ticket and MD Trader. Previously the limit was twenty (20) buttons per widget.
OMS  Care order passing
  • We have extended our current OMS order passing ability to now include the ability to pass staged orders.

 

Upcoming

Order Book display Rejected orders for the current session
  • The Order Book and Orders and Fills widget (OFW) now display rejected orders for the current session. A new “Message” column can optionally be exposed that displays the same reject message text displayed in the Audit Trail. The Message column supports filtering/searching on the message text string. A new quick filter button named “Rejected” displays in the top upper right portion of the Order Book, that when clicked applies a filter to only show rejected orders. Also as part of this work, in the Order Book Settings you can also customize the row color for rejected orders.

Display Settlement Date for NDFs and Spot FX 
  • We now display Settlement Date for NDFs and Spot FX in the appropriate grid widgets, e.g., OB, OFW, Fills, Audit Trail, etc.

 

Scott ShelladyScott Shellady has a broad, strong range of technical and trading experience in both commodities and financial products focused on North America, Europe and Asia. He has been involved in the futures industry since 1990, with time spent at Prime International Trading London, Speer Leeds and Aubrey G. Lanston Futures. After 11 years in London, Mr. Shellady returned to Chicago to run a small family futures and options business that was started over 50 years ago. Currently, he serves as an adjunct finance professor of finance at DePaul University and an SVP at TJM Brokerage in Chicago, where he can frequently be seen wearing his trademark “cow jacket” on CNBC, Bloomberg, CNN and Fox Business News. In addition, Mr. Shellady is deeply involved with the launch of his new website, Windy City Trader, a warehouse of trader tips, market analysis and webinars. Follow Scott on Twitter at @ScottTheCowGuy.

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MarketsWiki 2017 Session 4Last week, we hosted one of the MarketsWiki Education World of Opportunity Chicago events at Trading Technologies. Our own CFO/CCO Michael Kraines spoke to the crowd about the prospects of a vibrant career in Chicago fintech. This event marks a summer highlight for TT interns as well as interns and young professionals associated with other companies in the Chicago capital markets industry.  

For more than 10 years, we have committed to promote education and career-pathing into the trading industry through our TT CampusConnect™ program. The recent editorial from Jim Kharouf, CEO and editor-in-chief at John Lothian News, on how to educate the next generation of industry professionals really resonated with me. He wrote that there still remains a major gap in the overall financial education of young students globally, and this presents an important challenge for the lifeblood of the financial services industry. We applaud the efforts of MarketsWiki Education, Divento Academy and Magnetar Academy, but agree more needs to be done by others in our communities, schools, universities and companies, as well as at the collective industry level.

To learn more about some of the positive steps forward and the continued challenges, read on for the text of Jim’s full editorial.

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As the planet’s rotation de-accelerates on its axis due to tidal forces between it and the moon, equating to the longevity of a day lengthening by 1.4 milliseconds every hundred years, both our appetites and dependencies to accelerate efficiencies via algorithms will inevitably draw greater scrutiny.

This is the second in a series of blog posts on MiFID II (Markets in Financial Instruments Directive II). If you missed the first post, see MiFID II: How Did We Get Here and What Does it Mean? Continuing to review MiFID II, algorithms form the bedrock of modern electronic trading and, unsurprisingly, are of significance in the regulation. This post introduces an overview of the focus of the regulation and its concepts specific to algorithmic trading.

Trading Technologies provides a sophisticated and industry-tested product suite of automated order types and tools including TT’s Autospreader®, ADL®, APIs and synthetic order types, such as OCOs and Icebergs. These order types are in scope under MiFID II. Having reviewed the regulation, it is clear that the bar has been deliberately set at a level to capture a greater swath of automated order types in order to prevent systemic risk and address G20 concerns. Read on for an overview. Continue Reading →

Rick Beaman NasdaqRick Beaman is Vice President and Head of the Nasdaq Futures Exchange (NFX). Based in Houston, TX, Rick oversees client and Broker relations for U.S. Commodities and all business activities for NFX. Mr. Beaman joined Nasdaq in May 2010 and has been involved in energy market exchanges, clearing, product development and brokering for more than 20 years. Rick is also a veteran of the U.S. Navy. In this post, Rick explains how the Navy shaped his career in the energy market and predicts the next big thing in commodity futures. Continue Reading →

Dr. Bill Hrusa is a professor of mathematical sciences at Carnegie Mellon University (CMU) who teaches Fixed Income in the university’s Master of Science in Computational Finance (MSCF) program. This interdisciplinary program, which has been ranked #1 in the U.S. since 2011 by QuantNet, is a unique collaborative effort between the Tepper School of Business, the Department of Mathematical Sciences, the Department of Statistics, and the Heinz College of Information Systems and Public Policy. He also teaches several courses and supervises undergraduate research projects in CMU’s Bachelor of Science in Computational Finance (BSCF) program, which is an interdisciplinary program that is a collaborative effort between the Department of Mathematical Sciences, the Tepper School and the Heinz School College. Through the TT CampusConnect® program, Dr. Hrusa uses the TT® platform to help his students understand how the markets operate and how to apply math to trading. He spoke with us about his background and his approach to teaching the next generation of capital markets professionals. Continue Reading →

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