CHICAGO, PARIS and LONDON, June 19, 2007 - Trading Technologies International, Inc. (TT) and BNP Paribas Commodity Futures today announced that they have entered into a global software licensing and TTNET distribution agreement. BNP Paribas' customers trading energy cash and futures plus other derivative products globally will have access to TT's full suite of technology solutions including the X_TRADER® order-entry platform, TT's FIX API and high-speed exchange gateways. BNP Paribas initially plans to focus deployment on its major energy trading hubs in Houston, New York, London and Singapore.
BNP Paribas will leverage TT's fully managed hosting solution, TTNET, to distribute X_TRADER. TTNET accelerates customer access to international markets and provides a robust trading platform through its full failover and disaster recovery data centers situated in strategic locations close to the various exchanges. TT operates data centers in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo with plans to add additional facilities in Hong Kong and Sydney later this year.
Louis Caiafa, Managing Director at BNP Paribas Commodity Futures, said, "In response to increasing demand from our major energy and institutional clients for a high performance trading solution, we are pleased to partner with TT to access electronic derivative markets across the globe. We chose to deploy via TTNET because it provides the scalable and full-failover solution that our customers require."
"We are very pleased to add BNP Paribas to our distribution network. We look forward to collaborating with them as they use our TTNET hosting solution to deploy TT's X_TRADER platform to their global customers and internal traders," said Harris Brumfield, CEO of TT.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization. It has more than 140,000 employees, 14,000 of whom are based in the United States. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centers. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.
About BNP Paribas Commodity Futures
BNP Paribas Commodity Futures is a leading execution and clearing broker of Energy, Metals and Soft's futures and options worldwide. We are members of the New York Mercantile Exchange, London Clearing House, and New York Board of Trade. BNP Paribas Commodity Futures is a full service energy futures broker consisting of upstairs brokerage desks, floor execution teams, 24 Hour electronic execution teams, web-based account administration systems and margin financing through BNP Paribas all within one integrated institution.
About TTNET™
TTNET, TT's fully managed hosting solution, accelerates customer access time to international futures markets and increases trading platform stability through its mirrored redundant data centers located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. TT technicians are responsible for network administration, hardware configuration, infrastructure maintenance, data line management, upgrades, backups, security and user support.
For more information, visit http://www.tradingtechnologies.com/ttnet.aspx.
About Trading Technologies
Trading Technologies (http://www |
For BNP Paribas:
Kerrie McHugh
BNP Paribas Media Relations
212.841.3809
kerrie.mchugh@americas.bnpparibas.com
FOR TT
Ray Carmichael
Vivid Ascent
312.346.2002
ray@vividascent.com
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