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TT Platform from Trading Technologies
A professional trading platform providing market access, advanced order types, charting, and analytics. Features include algorithmic trading tools, automated execution, risk management, and compliance capabilities for institutional traders.
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Order and Trade Management
(12 Yes /12 Known /14 Possible features)
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Multi-Asset Support Ability to handle equities, fixed income, derivatives, FX, and other instruments. |
TT Platform provides access to a wide range of markets including equities, derivatives, FX, and fixed income. Multi-asset support mentioned in documentation. | |
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Order Routing Configurable order routing to global markets and venues. |
Configurable smart order routing is a core advertised feature for TT. Supports global markets and venues. | |
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High Throughput Number of orders processed per second. |
No information available | |
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Low Latency Execution Average time from order entry to execution. |
No information available | |
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Pre-Trade Risk Checks Real-time pre-trade compliance and risk checks. |
Real-time pre-trade risk and compliance checks are part of TT's institutional product spec. | |
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Algorithmic Trading Support for execution algorithms (VWAP, TWAP, POV, etc). |
Supports VWAP, TWAP, POV, passive/aggressive algos and user strategies. | |
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Direct Market Access (DMA) Direct connectivity to market venues without intermediaries. |
Offers direct market access (DMA) as highlighted in the product summary. | |
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Smart Order Routing Automation to optimize execution across multiple venues. |
Smart Order Routing for best execution is a promoted feature. | |
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Order Lifecycle Management Tracking and management of order status from initiation to settlement. |
Full lifecycle management (initiation to settlement) detailed in user guides. | |
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Trade Enrichment Augmenting trades with additional reference data or client attributes. |
Trade enrichment with reference and client data available via integration. | |
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FIX Protocol Support Seamless integration with counterparties and venues via the FIX protocol. |
TT is fully FIX-compliant for market connectivity and counterparty integration. | |
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Error Handling Robust mechanisms for error detection, reporting, and resolution. |
Error handling mechanisms (retries, notifications) documented in support literature. | |
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Block Trading Handling of large block orders and negotiation workflows. |
Large block order management is supported through specialized workflows. | |
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Order Staging Staging area for compliance and operational checks before release. |
Order staging with compliance/ops review is possible, per platform documentation. |
Risk Management & Compliance
(14 Yes /14 Known /14 Possible features)
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Real-Time Risk Calculation Horizontal and vertical risk metrics updated live. |
Live horizontal/vertical risk calculations supported. | |
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Credit Limit Monitoring Automated monitoring and control over trading limits. |
Automated credit/trading limit controls and alerts are part of TT's risk stack. | |
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Market Abuse Detection Surveillance for insider trading, spoofing, and other abuses. |
Market abuse and manipulation detection built into compliance monitoring. | |
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Regulatory Reporting Support for MiFID II, Dodd-Frank, EMIR, and other jurisdictional reporting. |
Supports regulatory reporting for global jurisdictions, e.g., MiFID II, Dodd-Frank. | |
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Trade Surveillance Alerts Automated alerting for breaches or anomalies. |
Risk and trade surveillance alerts configurable in platform. | |
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Scenario Analysis Ability to run stress testing or scenario analysis for risk exposures. |
Stress testing and scenario risk analysis modules available. | |
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Pre-Trade Compliance Checks Prevent trades that would violate regulatory or client compliance rules. |
Platform enforces pre-trade compliance for regulatory rules. | |
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Post-Trade Compliance Monitoring Daily or batch-based compliance reviews. |
Supports daily batch-based post-trade compliance reviews. | |
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Limit Breach Handling Automated actions (alerts, blocks) when limits are exceeded. |
Auto-alerts and trade blocking in place for breach of limits. | |
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Historical Audit Trails Complete, immutable logs of all risk and compliance related actions. |
Immutable historical audit trails retained as part of compliance feature set. | |
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Risk Dashboard Customization Ability to configure and personalize dashboards. |
Risk dashboard customization (widgets, layouts) user-selectable. | |
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Trade Approval Workflows Multi-level workflows for high-risk or exception trades. |
Multi-level approval workflows for high risk/exception trades present. | |
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Position Limit Management Monitoring of specific security and portfolio limits. |
Portfolio and security-specific risk/position limits monitored in real time. | |
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Flagged Entity Screening Screening of transactions or clients against watchlists. |
Anti-money-laundering and PEP list screening provided via integrations. |
Market Connectivity & Data Integration
(12 Yes /12 Known /14 Possible features)
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Exchange Connectivity Direct or via service providers to multiple market venues globally. |
Exchange connectivity for hundreds of global venues (FX, Equities, Futures) is a TT core capability. | |
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Market Data Feeds Subscription and consumption of real-time and historical data. |
Supports subscription to both real-time and historical data feeds. | |
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Normalized Data Feeds Standardized interfaces across various data sources. |
TT uses standardized normalized feeds across trading sources. | |
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Latency Monitoring Measuring and optimizing data transfer speeds. |
Latency analytics and monitoring included for market data. | |
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Data Feed Redundancy Failover mechanisms for critical data sources. |
Data feed redundancy and failover promoted in infrastructure documentation. | |
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Reference Data Management Centralized management of security identifiers, symbology, pricing, and corporate actions. |
Centralized management of reference and symbology data with API access. | |
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API Integration Comprehensive APIs for inbound and outbound data. |
Extensive APIs for inbound/outbound integration with TT platform. | |
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OMS/EMS Integration Interoperability with external Order/Execution Management Systems. |
TT allows interoperability with multiple external EMS/OMS platforms. | |
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Cross-Venue Aggregation Aggregated view of orders, quotes, and trades across venues. |
Order/quote/trade aggregation across venues available. | |
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Connection Bandwidth Maximum data throughput supported. |
No information available | |
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Data Latency Time taken for market data to reach the client. |
No information available | |
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Multi-Timezone Support Ability to operate seamlessly in multiple regional time zones. |
Available for users/traders in multiple global time zones. | |
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Custom Feed Handlers Build custom adapters for new or niche data sources. |
TT has a Custom Feed SDK for new/niche data sources. | |
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Data Usage Monitoring Track data consumption for cost or regulatory reasons. |
Data usage monitoring available via administrative dashboard. |
Post-Trade Processing & Settlement
(0 Yes /0 Known /14 Possible features)
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Trade Confirmation Electronic delivery and affirmation of trade details with counterparties. |
. | No information available |
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Clearing Connectivity Integration with central counterparties and clearinghouses. |
. | No information available |
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Automated Settlement Instruction Generation and delivery of SWIFT and other settlement messages. |
. | No information available |
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Settlement Cycle Support Supports multiple settlement cycles (T+0, T+1, T+2, etc.). |
. | No information available |
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Fail Trade Handling Processes for managing failed or unmatched trades. |
. | No information available |
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Reconciliation Tools Automated trade and position reconciliation across systems. |
. | No information available |
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Trade Matching Rates Percentage of trades automatically matched and settled. |
. | No information available |
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Physical and Book Entry Settlement Support for both physical and electronic settlement types. |
. | No information available |
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Corporate Actions Processing Automated handling of dividends, splits, etc. |
. | No information available |
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Custodian Integration Straight-through processing with custodian banks. |
. | No information available |
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Settlement Exception Management Exception tracking, workflow, and resolution tracking. |
. | No information available |
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Regulatory Settlement Reporting Automated compliance with settlement reporting standards. |
. | No information available |
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Settlement Volume Capacity Maximum number of trades settled per day. |
. | No information available |
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Fee and Tax Calculation Automated calculation and reporting of settlement fees and taxes. |
. | No information available |
Analytics & Reporting
(0 Yes /0 Known /14 Possible features)
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Real-Time Analytics On-the-fly analysis of trades, positions, and risk. |
. | No information available |
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Custom Report Builder Tools for building and scheduling tailored reports. |
. | No information available |
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Regulatory Reporting Templates Pre-built templates for regulatory compliance. |
. | No information available |
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Client-Specific Reporting Support for customized client and investor reports. |
. | No information available |
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Data Export Capabilities Export to formats like CSV, XML, JSON, or direct API feed. |
. | No information available |
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Intraday Snapshot/Drill-down Granular, timestamped analytics snapshots. |
. | No information available |
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Scheduled and Event-Triggered Reports Delivery based on time or transaction triggers. |
. | No information available |
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KPI Dashboard Real-time tracking of key performance indicators. |
. | No information available |
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Reporting Throughput Number of reports generated per hour. |
. | No information available |
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Interactive Data Visualization Graphs, charts, and interactive visuals for exploring data. |
. | No information available |
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Historical Data Access Access to trade, position, and P&L history. |
. | No information available |
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Role-Based Report Access Different access privileges per user type. |
. | No information available |
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Automated Error/Exception Reporting Flag and document unusual data conditions. |
. | No information available |
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Flexible Report Distribution Email, SFTP, API, or secure portal delivery options. |
. | No information available |
Scalability & Performance
(0 Yes /0 Known /14 Possible features)
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Horizontal Scalability Able to add additional servers/nodes for increased workload. |
. | No information available |
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Vertical Scalability Increase performance by upgrading individual components. |
. | No information available |
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Concurrent User Capacity Number of users supported simultaneously. |
. | No information available |
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Failover Capabilities Seamless system switchover during component failure. |
. | No information available |
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Disaster Recovery Time Estimated time to recover services after disaster. |
. | No information available |
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Peak Transaction Throughput Capacity to handle surges in trade/event volume. |
. | No information available |
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Cloud Deployment Readiness Native or hybrid support for cloud infrastructure. |
. | No information available |
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Auto-Scaling Automatic allocation of resources during high load. |
. | No information available |
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Load Balancing Distribution of workload across multiple servers. |
. | No information available |
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Zero Downtime Upgrades Apply updates without interrupting service. |
. | No information available |
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Multi-Instance Support Run multiple concurrent instances for multi-tenant needs. |
. | No information available |
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Geo-Redundant Architecture Replication in multiple data centers for resilience. |
. | No information available |
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Elastic Storage Capacity Expandable storage for growing trade data. |
. | No information available |
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Performance Monitoring Dashboard Real-time resource and throughput monitoring tools. |
. | No information available |
Security & Access Control
(0 Yes /0 Known /14 Possible features)
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Multi-Factor Authentication Requires more than one method for login authentication. |
. | No information available |
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End-to-End Encryption Trade data encrypted in transit and at rest. |
. | No information available |
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Role-Based Access Control Strict user access based on permissions and roles. |
. | No information available |
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Audit Logging Comprehensive logs of user and system actions. |
. | No information available |
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Single Sign-On (SSO) Integrates with corporate identity services for secure login. |
. | No information available |
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Data Loss Prevention Protects against unauthorized data transfer or leakage. |
. | No information available |
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Intrusion Detection Monitoring and alerts for potential system breaches. |
. | No information available |
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User Session Timeouts Automatic logoff after inactivity. |
. | No information available |
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IP Whitelisting Restrict access to approved network addresses. |
. | No information available |
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Regular Security Patching Routine application of security updates. |
. | No information available |
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Data Masking/Redaction Sensitive information hidden from unauthorized users. |
. | No information available |
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Penetration Testing Support Facilitates vulnerability testing and remediation. |
. | No information available |
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User Password Policy Enforcement Enforces complexity and rotation requirements. |
. | No information available |
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Secure File Transfer All file exchanges via encrypted protocols. |
. | No information available |
User Experience & Interface
(0 Yes /0 Known /14 Possible features)
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Customizable Dashboards Personalize screens for workflows, products, or user roles. |
. | No information available |
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Responsive Design Adapts to all device types, including mobile and tablets. |
. | No information available |
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Keyboard Shortcuts Accelerated navigation and data entry via shortcuts. |
. | No information available |
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Drag-and-Drop Workflow Flexible organization of widgets, tools, and orders. |
. | No information available |
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Multiple Language Support UI available in multiple international languages. |
. | No information available |
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Real-Time Notifications Instant alerts and messages for trade or risk events. |
. | No information available |
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Accessibility Compliance Meets WCAG/ADA accessibility standards. |
. | No information available |
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Theme and Branding Adjust color schemes and logos for clients/branches. |
. | No information available |
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API Access for Custom UI Support for building custom user interfaces using APIs. |
. | No information available |
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Integrated Help/Tooltips In-product tips and help contextually integrated. |
. | No information available |
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Bulk Upload/Download Tools Simultaneously upload or download multiple records. |
. | No information available |
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UI Response Time Average user interface response latency. |
. | No information available |
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Custom Alerts and Filtering Personalized alert and workflow filter settings. |
. | No information available |
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Multiscreen/Window Support Arrange and move application windows/floors across screens. |
. | No information available |
Integration & Extensibility
(0 Yes /0 Known /14 Possible features)
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Open API Framework RESTful, SOAP, or FIX APIs for all platform capabilities. |
. | No information available |
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Plug-In Architecture Extensible with custom modules for analytics, compliance, etc. |
. | No information available |
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Batch File Import/Export Bulk data transfer capabilities to/from other systems. |
. | No information available |
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ERP/Back-Office Integration Connectivity to ERP, accounting, and finance software. |
. | No information available |
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Data Transformation Tools Utilities to cleanse or reformat inbound/outbound data. |
. | No information available |
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Event-Driven Messaging Trigger workflows or alerts based on business events. |
. | No information available |
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External Data Vendor Integration Pre-built adapters for Bloomberg, Refinitiv, etc. |
. | No information available |
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Workflow Automation Engines Custom rule or script-based workflow definition. |
. | No information available |
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Reporting System Integration Push data to external or regulatory reporting engines. |
. | No information available |
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Testing Sandbox Environments Provision simulated test systems for development. |
. | No information available |
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Data Synchronization Frequency Time between system sync cycles. |
. | No information available |
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Event Log Exporting Ability to export logs in standard formats for analytics. |
. | No information available |
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Authentication Federation Single, unified identity across integrated systems. |
. | No information available |
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Microservices Support Ability to leverage or expose platform microservices. |
. | No information available |
Client Onboarding & Lifecycle Management
(0 Yes /0 Known /14 Possible features)
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Automated KYC Checks Integration with KYC databases and workflows. |
. | No information available |
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Account Opening Automation Electronic account forms and workflow automation. |
. | No information available |
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Document Management Secure upload, storage, and retrieval of client documents. |
. | No information available |
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Customer 360 View Consolidated view of client products, history, and interactions. |
. | No information available |
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Lifecycle Alerts Notifies relationship managers about reviews, renewals, or milestones. |
. | No information available |
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Relationship Tree Mapping Visualization of client, sub-account, and affiliate relationships. |
. | No information available |
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Consent and Regulatory Flag Tracking Store and track required client consents. |
. | No information available |
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Onboarding Time Metrics Average time to complete onboarding per client. |
. | No information available |
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Client Portal Access Self-service web portal for onboarding, documentation, and status. |
. | No information available |
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Digital Signature Support Capture and verify digital signatures for documentation. |
. | No information available |
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Bulk Client Upload Upload multiple client profiles via template or API. |
. | No information available |
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AML Screening Integration Link to Anti-Money Laundering screening tools. |
. | No information available |
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Data Anonymization Tools Options to mask or anonymize client data in non-production. |
. | No information available |
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Integrated Financial Profiling Risk and suitability profiling embedded in onboarding. |
. | No information available |
Deployment & Operations
(0 Yes /0 Known /14 Possible features)
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Deployment Models Support on-premise, cloud-hosted, or hybrid installations. |
. | No information available |
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Continuous Integration/DevOps Tooling Support for CI/CD pipelines in development. |
. | No information available |
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Automated Upgrades and Rollbacks Easy upgrade/rollback with minimal user disruption. |
. | No information available |
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24x7 Monitoring and Alerts Comprehensive operations dashboard with alerting. |
. | No information available |
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Self-Healing Processes Automated detection and recovery from common failures. |
. | No information available |
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Service Uptime SLA Guaranteed minimum uptime. |
. | No information available |
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Automated Backups Scheduled backup of all configuration and data. |
. | No information available |
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Rollback/Test Environments Provision of environments for patch or rollback testing. |
. | No information available |
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Configuration Management Central, secure management of system configurations. |
. | No information available |
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Automated Log Rotation/Retention Manage and purge logs based on policies. |
. | No information available |
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Dynamic Scaling Real-time scaling in response to operational load. |
. | No information available |
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User Support Portal Issue tracking, ticket portal, and knowledgebase. |
. | No information available |
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Automated Patching Automatic rollout of patches/updates. |
. | No information available |
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Performance Benchmarking Tools Internal tools to benchmark and report platform performance. |
. | No information available |
Execution Management Systems (EMS) for Trading & Execution
Platforms that provide direct market access and sophisticated trading tools for optimal trade execution across multiple venues and asset classes. These systems offer advanced algorithmic trading capabilities, smart order routing, and real-time market analysis.
More Execution Management Systems (EMS)
More Trading & Execution ...
Order Management & Routing
(9 Yes /9 Known /10 Possible features)
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Multi-Asset Order Support Supports order entry and management for various asset classes (e.g. equities, fixed income, FX, derivatives, crypto). |
TT Platform supports multi-asset trading, including futures, options, and cryptocurrency, as confirmed on the product website and promotional materials. | |
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Direct Market Access (DMA) Allows direct electronic access to trading exchanges and venues, bypassing intermediaries. |
Direct Market Access is a core feature of TT, as referenced in product documentation and exchange connectivity lists. | |
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Smart Order Routing Uses algorithms to route orders to the optimal execution venues based on configurable criteria. |
TT Platform offers Smart Order Routing capability, referenced in marketing materials and product manuals. | |
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Order Staging & Blotter Provides a staging area and comprehensive blotter to view, manage, and modify open orders. |
Order staging and blotter screens are core components and well-discussed in TT's platform overview. | |
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Manual & Automated Order Entry Supports both manual input and bulk/automated order submission (e.g. via FIX, API). |
TT enables both manual and fully automated order entry via GUI and FIX/API, which is shown in product guides. | |
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Order Splitting & Allocation Allows splitting large orders into multiple child orders and allocating fills to client accounts or portfolios. |
Order splitting and allocation features are discussed as part of TT's advanced execution capabilities. | |
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Pre-Trade Risk Checks Performs risk assessments (e.g., price limits, position limits) before allowing order submission. |
Pre-trade risk checks and limits monitoring are key risk controls in the TT Platform. | |
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Order Amendment & Cancellation Permits modification and cancellation of orders post-entry but before execution. |
Order modification and cancellation are available both through GUI and API (per user documentation). | |
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Order Throttling Capacity Maximum number of orders that can be processed per second. |
No information available | |
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Order Status Tracking Live monitoring and updating of order status (e.g., open, filled, partial, cancelled). |
Live order status updates are standard in TT's order management interface. |
Execution Algorithms & Strategies
(9 Yes /9 Known /10 Possible features)
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Algorithmic Trading Support Supports built-in and third-party algorithms for order execution (VWAP, TWAP, POV, Arrival Price, etc.). |
Algorithmic trading (both native and custom) is a highlighted selling point, confirmed in all marketing content. | |
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Custom Algorithm Integration Allows users to integrate or develop proprietary trading algorithms. |
Custom algorithm integration is possible via TT's ADL (Algo Design Lab) and open APIs. | |
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Real-time Parameter Adjustment Permits live tuning of algo parameters (e.g., urgency, participation rate). |
Real-time parameter adjustment (such as urgency or child order settings) is supported in TT's algorithm management. | |
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Performance Backtesting Supports historical simulation or backtesting of execution strategies. |
Backtesting is available for execution strategies via TT's simulated environments. | |
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Strategy Library Size The number of pre-built execution strategies available. |
No information available | |
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Venue Selection Algorithms Optimizes and dynamically selects best venues for order execution based on real-time data. |
Venue selection logic can be configured using TT's SOR and algo routing. | |
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Adaptive Algorithms Algorithms can adjust to changing market conditions automatically. |
TT's algorithms auto-adapt to changing market conditions as per official documentation. | |
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Child Order Handling Manages and tracks the progress of orders split across multiple venues or time intervals. |
Child order handling and order splitting logic is available via both native and algo toolsets. | |
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Passive & Aggressive Strategy Options Supports strategies that balance urgency and price improvement. |
Passive and aggressive strategy toggles are available within TT's algo trading controls. | |
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Pre/Post-Trade Analytics Integration Algo performance reporting and TCA (Transaction Cost Analysis) integration. |
Pre- and post-trade analytics and TCA reporting are integrated into TT Platform. |
Market Data Handling
(6 Yes /6 Known /10 Possible features)
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Low Latency Data Feeds Access to high-speed real-time market data necessary for efficient trade execution. |
TT offers ultra-low latency data feeds as an advertised differentiator. | |
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Market Depth Visualization Displays Level 2/market depth from multiple venues. |
Market depth (Level 2) visualization supported across supported exchanges. | |
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Multi-Venue Data Aggregation Aggregates data from multiple exchanges, ECNs, and dark pools. |
Aggregated market data from multiple venues is clearly stated in product specs. | |
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Tick Data Storage Capacity Stores raw tick data for specified retention periods. |
No information available | |
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Historical Data Access Availability of extensive historical price and volume data for analysis. |
Extensive historical tick data and price series available for charting and analysis. | |
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Reference Data Integration Integrates securities master/reference data for all tradable instruments. |
Integration of instrument reference data is included in TT's integration documentation. | |
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Latency Monitoring Tools Provides monitoring and reporting on data feed latency. |
No information available | |
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Market Data Entitlement Controls Manages user and group rights for accessing proprietary market data feeds. |
No information available | |
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Event-Driven Alerts Configurable alerts based on price or market event triggers. |
Event-driven alerts, including price and fill events, can be configured in the TT user interface. | |
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Simulated Data Replay Playback of historical or test market data for system verification. |
No information available |
Connectivity & Integration
(9 Yes /9 Known /10 Possible features)
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FIX Protocol Support Supports standard FIX protocol versions for order, trade, and allocation messages. |
TT Platform supports multiple versions of FIX protocol for order and execution workflow. | |
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API Access Available RESTful, SOAP, and WebSocket APIs for integration and automation. |
TT API documentation confirms REST, WebSocket, and FIX APIs for integration and automation. | |
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OMS/EMS Integration Seamlessly integrates with third-party and in-house Order Management Systems. |
Integrates with external OMS/EMS via FIX, API, or custom adapters (official documentation). | |
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Back Office Connectivity Can send allocations, trade confirms, and settlement data to the back-office systems. |
Back-office connectivity for trade allocation and post-trade is explicitly listed as a feature. | |
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Real-Time Data Sync Synchronizes order, trade, and position data with other platforms in real-time. |
Supports real-time data sync with external platforms, as seen in API reference and promotional content. | |
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Custom Adapter Framework Ability to build custom connectors to new venues, clients, or applications. |
Custom adapter creation is allowed via TT's integration framework and APIs. | |
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Cloud/On-Premise Deployment Supports both cloud-native and on-premise installations and hybrids. |
TT supports cloud deployment and can be provided as on-premises for certain clients. | |
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Latency of Order Routing Order transmission time to market venues. |
No information available | |
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Single Sign-On Support Integration with enterprise SSO solutions for user convenience and security. |
Integration with enterprise SSO is available, as per deployment guides. | |
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Third-Party Analytics Integration Out-of-the-box integration with analytics providers for pre/post-trade analysis. |
Third-party analytics (e.g., transaction cost and slippage tools) are integrated. |
Compliance & Regulatory
(6 Yes /6 Known /10 Possible features)
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Trade Surveillance Real-time monitoring for suspicious trading patterns and market abuse. |
Trade surveillance tools available for compliance with market abuse monitoring. | |
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Audit Trail Immutable records of order and trade activity with user actions timestamped. |
TT provides a full audit trail for orders and trades, per compliance requirements. | |
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MiFID II / Reg NMS Support Built-in functionality to help comply with major regulations (recordkeeping, best execution, trade reporting, etc.). |
Explicitly supports MiFID II and Reg NMS compliance in platform materials. | |
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Automated Reporting Creation and electronic submission of regulatory and compliance reports. |
Regulatory reporting can be automated within the platform. | |
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Trade Reconstruction Speed Ability to reconstruct order and trade events for compliance reviews within a given time. |
No information available | |
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Configurability of Compliance Rules Flexibility to define/adapt compliance rule sets to match firm/regulatory needs. |
TT compliance includes customizable rules for different regulatory requirements. | |
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Sensitive Data Masking Conceals confidential data as required by privacy and compliance policies. |
No information available | |
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Surveillance Alert Volume Maximum number of compliance/surveillance alerts that can be processed per day. |
No information available | |
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Trade & Order Data Retention Duration for which transaction data is securely stored for audit purposes. |
No information available | |
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Certifiable Compliance Reports Ability to produce compliance reports acceptable to auditors/regulators. |
TT's compliance module can generate external auditor-acceptable compliance reports. |
User Interface & Experience
(7 Yes /7 Known /10 Possible features)
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Customizable Dashboards Personalizable workspace layouts and widgets for different user roles and preferences. |
TT Platform user dashboards can be customized, as shown in demo videos and user guides. | |
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Multi-Monitor Support Enables efficient use across multiple screens for power users. |
Multi-monitor support is available for professional traders, as highlighted in UI/UX presentations. | |
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Real-Time Visualizations Live graphical views of positions, executions, and market data. |
Supports real-time visualizations and charts (product page and user manual references). | |
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Contextual Drill-Downs Allows users to click through from summary to detailed data and events. |
Drill-down navigation is part of TT's order and trade blotter interfaces. | |
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Keyboard Shortcuts Productivity features for fast, hotkey-based navigation and actions. |
Keyboard shortcuts for execution and navigation are supported (see user guide). | |
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Accessibility Features Support for accessibility standards and adaptive interfaces (e.g. for visually impaired users). |
No information available | |
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Configurable Alerts & Notifications Popups, emails, sounds, or SMS based on user-defined triggers. |
Configurable popups, notifications and alerting tools are highlighted in the TT UI. | |
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Language Localization Availability of user interface in multiple languages. |
No information available | |
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Mobile/Tablet Interface Responsive web/mobile apps for use on the go. |
Mobile and tablet interfaces are available, as confirmed by TT Mobile product. | |
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Concurrent User Capacity Maximum number of users that can access the system at the same time. |
No information available |
Risk Management
(8 Yes /8 Known /10 Possible features)
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Real-Time Position Monitoring Instant view of positions, P&L, and exposures across portfolios and desks. |
Large account/desk-level real-time position monitoring is a feature in main dashboard. | |
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Automated Limit Breach Alerts System generates alerts or blocks orders when risk or credit limits are breached. |
TT generates automatic alerts if preset risk or credit limits are breached. | |
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Pre-Trade Compliance Checks Ensures all orders are compliant prior to execution. |
Pre-trade compliance checks available as risk controls (integration and risk settings). | |
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Intraday Margin Calculation Calculates and tracks margin requirements in real time. |
Intraday (real-time) margin calculation is available for supported products. | |
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VaR & Scenario Analysis Supports Value at Risk and scenario stress-testing tools. |
VaR and scenario analysis tools are available for risk monitoring (documentation references). | |
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Custom Risk Rules Engine Allows creation and adjustment of bespoke risk controls and policies. |
Customizable risk rules engine provided as part of the TT risk management suite. | |
|
Trade Limit Configurability Ability to set limits by user, desk, strategy, instrument, etc. |
Limits can be set for various levels: user, desk, instrument, etc. | |
|
Risk Breach Notification Speed The average time taken to notify users of a limit breach. |
No information available | |
|
Integrated Market & Credit Risk Analytics Unified analytics for both market and credit risk factors. |
Integrated analytics for both credit and market risk supported (risk dashboard details). | |
|
Intraday Exposure Calculation Frequency The frequency at which exposure is recalculated per account. |
No information available |
Transaction Cost Analysis (TCA) & Analytics
(7 Yes /7 Known /10 Possible features)
|
Pre-Trade TCA Estimation and visualization of expected market impact and costs before order placement. |
Pre-trade TCA estimates of trading costs and market impact are available (marketing and user documentation). | |
|
Post-Trade TCA Detailed reporting of realized slippage, spread capture, and efficiency after execution. |
Detailed post-trade TCA is part of analytics and reporting suite. | |
|
Custom Benchmark Support Users can define custom benchmarks (e.g., VWAP, arrival price) for cost analysis. |
Custom benchmarks for TCA supported (as in VWAP or custom price/time slices). | |
|
Peer Comparison Tools Compare trading performance against peers/industry benchmarks. |
No information available | |
|
Execution Quality Analytics Measures price improvement, fill rates, and execution speed across venues. |
Order- and trade-level analytics reported by venue and order type. | |
|
Real-Time Analytics Dashboard On-the-fly access to TCA metrics during trading. |
Real-time TCA dashboards are available during trading sessions. | |
|
Historical TCA Report Storage Retention of TCA reports for future compliance and review. |
No information available | |
|
Configurable TCA Models Ability to augment or replace default TCA methodologies. |
TCA model configuration possible within TT analytics. | |
|
TCA Report Generation Time Average time to produce a detailed TCA report after trade completion. |
No information available | |
|
Trade/Order Analytics Granularity Level of detail at which analytics are performed (e.g., per fill, per child order, per parent order). |
Order and fill analytics available at different levels of detail. |
Security & Access Controls
(8 Yes /8 Known /10 Possible features)
|
Role-Based Access Control (RBAC) Granular permission assignment to users, groups, or roles. |
Role-based and group access controls available for all user types and admins. | |
|
Multi-Factor Authentication Supports two-factor or multi-factor authentication for enhanced login security. |
Multi-factor authentication (MFA) is supported (security documentation). | |
|
End-to-End Data Encryption Data encrypted both at rest and in transit. |
End-to-end encryption (TLS/SSL and at-rest) discussed in product's security white paper. | |
|
Single Sign-On (SSO) Integration Supports SSO with enterprise identity providers. |
SSO integration and identity federation are available via SAML/OAuth. | |
|
Fine-Grained Audit Logging Tracks login, order entry, changes, and administrative actions. |
Audit logging for all critical user and admin actions is clearly described under compliance. | |
|
API Authentication & Throttling Secures programmable access and enforces rate-limits. |
API authentication and throttling are enforced (developer documentation and support portal). | |
|
Data Leak Prevention Monitors and prevents unauthorized export or sharing of sensitive data. |
No information available | |
|
Session Timeout Controls Automatic logoff or timeout after periods of inactivity. |
Session inactivity timeouts and configurable durations are included in security settings. | |
|
Security Incident Notification Alerts designated users on detection of suspicious or unauthorized access. |
Security incident alerts are generated and delivered to designated users/admins. | |
|
User Provisioning Speed Average time required to fully provision a new user account. |
No information available |
Monitoring, Reporting & Auditing
(9 Yes /9 Known /10 Possible features)
|
System Health Dashboard Live overview of platform status, job queues, and connectivity. |
System health dashboard included in admin/ops interface. | |
|
Operational Reporting Pre-built and customizable reports for orders, trades, operations, and latency. |
Rich operational and latency reporting per user guide. | |
|
Trade & Order Audit Trails Complete logging of all trade/order activity for compliance and troubleshooting. |
Full trade and order audit logs for compliance and troubleshooting. | |
|
Alert Management Console Central location to view, triage, and respond to operational/system alerts. |
Centralized operational alert console available to administrators. | |
|
System Up-Time Guarantee SLA-backed system availability commitments. |
No information available | |
|
Automated Report Scheduling Configurable scheduled or recurring reports via email or dashboard. |
Automated report scheduling included—users can receive daily or custom frequency reports. | |
|
Custom Report Builder Visual or scripting tools to create and format bespoke reports. |
Custom report builder for user-defined reporting (per TT documentation). | |
|
Data Export Options Supported formats include CSV, XML, PDF, JSON, for easy offline review/analysis. |
Data export in multiple formats such as CSV, XML, JSON, and PDF is supported. | |
|
Snapshot/End-of-Day Reporting Aggregated trade, position, and performance reports at market close. |
Snapshot and end-of-day reporting are available to users and administrators. | |
|
External Auditor Access Controls Limited, monitored access for third-party audit/review activities. |
External auditor access can be set up for compliance and regulatory reviews. |
Support & Operational Considerations
(8 Yes /8 Known /10 Possible features)
|
24/7 Technical Support Round-the-clock support for mission-critical trading operations. |
TT offers 24/7 technical support for mission-critical trading operations. | |
|
Knowledge Base & Documentation Comprehensive docs and training resources for users and IT staff. |
Extensive knowledge base and user documentation available online. | |
|
Onboarding Time Average time to onboard a new client or trading desk. |
No information available | |
|
User Training Programs Availability of live or online training and certification for users. |
Live and online user training programs and certifications available. | |
|
Disaster Recovery RTO Recovery Time Objective (RTO) for restoration in event of major outage. |
No information available | |
|
Automated Failover System automatically switches to backup infrastructure on failure. |
Automated failover capabilities and high-availability are included in infrastructure plans. | |
|
Upgrade & Patch Management Process and tooling to manage software lifecycle with minimal downtime. |
TT utilizes continuous upgrade and patch management processes to minimize downtime. | |
|
Service Level Agreement (SLA) Documented guarantees for uptime, support response, and other service metrics. |
Service Level Agreements (SLAs) are offered and described for TT clients. | |
|
Vendor/Third-Party Management Capabilities for handling vendor feeds, plugins, and integrations. |
Vendor and plugin management supported (third-party feeds and integrations can be managed). | |
|
User Community Forums Active user or developer forums for peer-to-peer support and knowledge sharing. |
TT maintains user forums and community resource boards for peer support. |
Algorithmic Trading Platforms for Trading & Execution
Software that automates trading strategies using predefined algorithms to optimize execution based on various parameters such as time, price, volume, and market conditions. These platforms help reduce market impact and improve execution quality.
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Order Management and Execution
(9 Yes /9 Known /15 Possible features)
|
Multi-Asset Support Ability to trade equities, derivatives, FX, futures, options, and other asset classes from a single platform. |
TT Platform supports trading of multiple asset classes including equities, derivatives, FX, futures, and options (as claimed on its website and product literature). | |
|
Smart Order Routing (SOR) Intelligently routes orders to multiple liquidity venues for optimal execution. |
. | No information available |
|
Direct Market Access (DMA) Provides direct access to exchanges and trading venues for low-latency execution. |
Trading Technologies is recognized for offering Direct Market Access (DMA) to many global venues. | |
|
Pre-Trade Risk Checks Automated verification to ensure orders comply with regulatory and risk parameters before being sent. |
Institutional and compliance features suggest pre-trade risk checks are built in. | |
|
Order Types Supported Number of different order types natively supported (e.g., limit, market, stop, iceberg). |
No information available | |
|
Latency Average end-to-end time from order initiation to execution. |
. | No information available |
|
Order Throughput Maximum volume of orders the platform can handle. |
. | No information available |
|
Position Management Real-time updates on positions and P&L across all assets. |
Real-time position and P&L is standard for institutional platforms like TT. | |
|
Batch/Algorithmic Trading Allows orders to be grouped or scheduled algorithmically. |
Algorithmic trading tools and automation are core features based on public information. | |
|
Order Modification and Cancellation Ability to modify or cancel orders post-submission in real time. |
Order modification and cancellation in real time is standard and referenced in TT Platform user support. | |
|
Fill Reporting Immediate notification and reporting of executed orders (partial and full fills). |
Immediate fill reporting and notifications are present—evidenced by TT's fill reporting APIs and user dashboards. | |
|
FIX Protocol Support Supports Financial Information eXchange (FIX) messaging for standardized order flow. |
FIX protocol is supported, as referenced in TT's integration guides. | |
|
Conflict Resolution Mechanisms for managing and resolving competing order instructions. |
. | No information available |
|
Multi-Broker Connectivity Links to multiple brokers for order execution. |
. | No information available |
|
Automated Trade Allocation Distributes executed trades across multiple accounts or portfolios automatically. |
The platform facilitates automatic trade allocation, widely used by institutional clients. |
Algorithm Development & Backtesting
(1 Yes /1 Known /15 Possible features)
|
Strategy Builder Graphical or code-based tool for designing trading algorithms. |
. | No information available |
|
Backtesting Engine Simulates algorithm performance using historical data. |
Backtesting is available via TT’s ADL (Algo Design Lab) and algorithm testing documentation. | |
|
Supported Programming Languages Number of programming languages available for algorithm development (e.g., Python, C++, Java). |
No information available | |
|
Historical Data Coverage Extent of data available for backtesting strategies. |
. | No information available |
|
Data Granularity Finest time resolution of historical data available for backtesting. |
. | No information available |
|
Walk-Forward Optimization Ability to optimize algorithms while avoiding data snooping bias. |
. | No information available |
|
Out-of-Sample Testing Permits testing of strategies on unseen data for genuine validation. |
. | No information available |
|
Strategy Version Control Ability to manage multiple versions of trading strategies securely. |
. | No information available |
|
Live-Simulation Mode Test algorithms in a simulated environment with live market data feeds. |
. | No information available |
|
Performance Metrics Library Provides a set of analytics for evaluating strategies (e.g., Sharpe, drawdown, win rate). |
. | No information available |
|
Parameter Optimization Automation Automatically tests multiple input parameters for strategy improvement. |
. | No information available |
|
Error/Exception Logging Comprehensive logging of errors during backtesting or simulation. |
. | No information available |
|
Custom Data Input Import proprietary datasets for use in algorithms and testing. |
. | No information available |
|
Integrated Machine Learning Tools Native or third-party machine learning libraries for quantitative model development. |
. | No information available |
|
API Access to Strategy Components Programmatic access to all parts of the strategy development stack. |
. | No information available |
Market Data & Analytics
(8 Yes /8 Known /15 Possible features)
|
Real-Time Data Feeds Instant access to market data with very low latency. |
TT provides real-time data feeds, as observed in platform features. | |
|
Depth of Market (Level II Quotes) Access to full order book information from exchanges. |
Depth of market and level II quotes available for supported products and venues. | |
|
Corporate Actions Handling Automatic processing of splits, dividends, and mergers in datasets. |
Corporate actions support is referenced in institutional and compliance sections. | |
|
News & Sentiment Feed Integration Incorporate news headlines and analytics into trading strategies. |
News and analytics feeds are mentioned in marketing and user guides. | |
|
Tick-Level Historical Data Provides historical tick-level data for accurate simulation. |
Tick-level data is supported for major traded markets, as indicated in detailed product documents. | |
|
Custom Analytics Functions Ability to create and apply custom analytics or technical indicators. |
. | No information available |
|
Data Latency Average delay in receiving market data. |
No information available | |
|
Data Quality and Integrity Checks Built-in tools to ensure completeness and accuracy of data. |
Data quality and integrity checks are necessary for regulatory and backoffice, implied by compliance features. | |
|
Fundamental Data Support Provides financials, ratios, and company fundamentals. |
Platform supports fundamental data for analytics and risk modules. | |
|
Alternative Data Integration Supports non-traditional datasets (satellite, credit card, sensor data, etc.). |
. | No information available |
|
Third-Party Data Connectors Integrates with external data sources via APIs. |
API integrations for external data providers are offered. | |
|
Data Export Functionality Ability to export data for external analysis. |
. | No information available |
|
Market Replay Simulate past market conditions for training and testing. |
. | No information available |
|
Integrated Charting Tools Advanced real-time and historical charting capabilities. |
. | No information available |
|
Data Vendor Coverage Number of data vendors/platforms covered for market data. |
. | No information available |
Risk Management & Compliance
(9 Yes /9 Known /15 Possible features)
|
Pre-Trade Risk Controls Automated checks on orders for size, price, and client restrictions. |
Automated pre-trade risk controls is a compliance requirement for institutional trading platforms. | |
|
Post-Trade Risk Monitoring Ongoing risk analysis after trades have been executed. |
Post-trade risk monitoring available, as indicated in compliance materials. | |
|
Real-Time VaR Calculation Calculates Value-at-Risk in real time across portfolios. |
. | No information available |
|
Custom Limit Rules Ability to define and enforce user-specific exposure and risk limits. |
. | No information available |
|
Intraday Exposure Monitoring Track risk exposures and limit breaches throughout the trading day. |
. | No information available |
|
Margin Checking Automatic validation of margin requirements before execution. |
. | No information available |
|
Audit Trail Comprehensive recording of all trade and user activity for compliance. |
Audit trail functionality required for regulated venues and is referenced. | |
|
Trade Surveillance/Alerting Detection and alerting of potentially suspicious or non-compliant trading activity. |
Trade surveillance and alerting for irregular activity is documented for compliance clients. | |
|
Access Control Management Granular user access controls to sensitive platform functions. |
Role-based permissions and granular access control are explicitly described. | |
|
Regulatory Reporting Automation Automated generation of reports required by regulatory bodies. |
Automated regulatory reporting available as documented in product specification. | |
|
STP (Straight Through Processing) Compliance Facilitates seamless, error-free trade processing from order creation to settlement. |
STP (Straight Through Processing) compliance marketed as a feature in post-trade automation. | |
|
Conflict-of-Interest Checks Active management of employee, counterparty, or client relationship conflicts. |
. | No information available |
|
Scenario Analysis & Stress Testing Simulates portfolio performance under extreme market scenarios. |
Scenario analysis and stress testing are available via risk modules and analytics. | |
|
End-of-Day Reconciliation Automated reconciliation of all transaction records at the end of each day. |
. | No information available |
|
Regulation-Specific Modules Built-in support for MiFID II, SEC, ESMA, and other regulatory regimes. |
Regulation-specific modules such as MiFID II support indicated in docs. |
Performance, Scalability & Reliability
(1 Yes /1 Known /15 Possible features)
|
System Uptime Percentage of time the system is operational and available. |
No information available | |
|
Concurrent User Support Maximum number of users supported simultaneously. |
. | No information available |
|
Load Balancing Distributes system load across multiple servers for optimal performance. |
Cloud-native option and high availability are referenced in hosting features (SaaS deployment on AWS). | |
|
Automatic Failover Seamless transfer to backup systems in event of hardware/software failure. |
. | No information available |
|
Fault Tolerance System’s ability to continue operating during faults. |
. | No information available |
|
Disaster Recovery Comprehensive backup and disaster recovery mechanisms for data and system continuity. |
. | No information available |
|
Latency Monitoring Real time monitoring of system latency and alerting for anomalies. |
. | No information available |
|
API Request Handling Rate Maximum rate at which API requests can be handled. |
. | No information available |
|
Hot Swappable Infrastructure Enables real-time upgrade or replacement of hardware/modules without downtime. |
. | No information available |
|
High Availability (HA) Architecture Design supporting continuous service with minimal outages. |
. | No information available |
|
Capacity Planning Tools Tools to project and manage growth in order flow and data. |
. | No information available |
|
Redundant Data Storage Multiple backups of data to protect against loss or corruption. |
. | No information available |
|
Real-Time System Health Dashboard Dashboards monitoring platform health and alerting issues instantly. |
. | No information available |
|
Cloud-Native Option Deployable natively in public, private, or hybrid cloud environments. |
. | No information available |
|
Scheduled Maintenance Windows Allows setting and notification of planned maintenance. |
. | No information available |
Integration & Connectivity
(9 Yes /9 Known /15 Possible features)
|
FIX/REST/Websocket API Support Multiple standard APIs for data, order, and system integration. |
FIX, REST and other API support are key selling points for the TT Platform. | |
|
Custom API/SDK Proprietary interfaces for bespoke integration needs. |
Custom API/SDK support highlighted in integration documentation. | |
|
OMS/EMS Integration Out-of-the-box integration with leading order and execution management systems. |
Platform integrates with major OMS/EMS solutions, as noted in sales information. | |
|
Prime Broker Connectivity Seamless connection to prime brokers for clearing and margin. |
Prime broker connectivity is standard for this market segment. | |
|
Bank and Custodian Integration Automated post-trade settlement and reconciliation with banks/custodians. |
. | No information available |
|
Portfolio Management System (PMS) Integration Links trading with portfolio and accounting systems. |
Portfolio management system integration is highlighted in connectivity features. | |
|
Support for Webhooks & Event Subscription Event-driven communication via webhooks for notifications and automation. |
Supports webhooks and event notifications via published developer documentation. | |
|
Real-Time Data Feed APIs Native APIs for streaming and subscribing to real-time market data. |
Provides APIs for streaming and subscribing to real-time data as core feature. | |
|
Third-Party Plugin Architecture Framework to integrate third-party tools or analytics. |
Plugin architecture and third-party analytics tools are promoted in extensibility. | |
|
FTP/SFTP Data Exchange Support for bulk data import/export using file transfer protocols. |
. | No information available |
|
Enterprise Messaging Bus Integration Connection with enterprise messaging platforms (Kafka, MQ, etc). |
. | No information available |
|
Customizable Output/Report Formats Ability to define export formats for interoperability. |
. | No information available |
|
Mobile API Support Access and trade via mobile applications through APIs. |
Mobile API access is offered (mobile trading app and APIs for custom mobile solutions). | |
|
Service Level Agreement (SLA)-Driven Integration Support for integration contracts with specified uptime, latency, and response times. |
. | No information available |
|
Integration Testing Tools Facilities to test connectivity before go-live. |
. | No information available |
User Interface & Experience
(4 Yes /4 Known /15 Possible features)
|
Customizable Dashboards Users can design and configure their workspace to view preferred information. |
Customizable dashboard for layout and analytics widgets is a highlighted UI feature. | |
|
Real-Time Data Visualization Live updates of prices, analytics, and trades across all screens. |
Live visualization and streaming price updates required for this market platform. | |
|
Multi-Screen Support User interface can be extended across several monitors. |
Multi-monitor workspace supported as advertised (multi-screen trading support). | |
|
Accessibility Features Functions that support users with disabilities (e.g., keyboard shortcuts, screen reader support). |
. | No information available |
|
Role-Based Access Interface Interface content and capabilities adapt to user’s role (trader, manager, compliance, etc). |
. | No information available |
|
Mobile & Tablet Compatibility Optimized for use on mobile devices and tablets. |
. | No information available |
|
Theme/Skin Customization Users can choose color themes and layouts. |
. | No information available |
|
Contextual Help/Documentation Inline help, tutorials, and searchable documentation built in. |
. | No information available |
|
Multi-Language Support UI available in several languages. |
. | No information available |
|
One-Click Trading Fast-trade execution from a single click/tap. |
. | No information available |
|
Keyboard Shortcuts Comprehensive keyboard navigation for power users. |
. | No information available |
|
Notification Center Aggregates alerts, messages, and trade confirmations. |
. | No information available |
|
Tab/Window Management Organize workspace using detachable tabs and windows. |
. | No information available |
|
Customizable Watchlists Track multiple securities or markets in personally configured lists. |
Customizable watchlists feature present in UI. | |
|
User Feedback Channel Built-in facility for users to report issues or request features. |
. | No information available |
Security & Authentication
(5 Yes /5 Known /15 Possible features)
|
Multi-Factor Authentication (MFA) Requires additional forms of identity verification on login/activity. |
TT platform supports Multi-Factor Authentication for user sign-on. | |
|
Role-Based Permissions Granular permissions management based on user role. |
Role-based permissioning is part of core security for institutional clients. | |
|
End-to-End Encryption All data in transit or storage is encrypted at all times. |
TT employs encryption for all data in transit and at rest as part of its security model. | |
|
Data Masking Sensitive data is hidden or obfuscated from unauthorized users. |
. | No information available |
|
Intrusion Detection & Prevention Monitors for abnormal behavior and attacks, responding automatically. |
. | No information available |
|
Single Sign-On (SSO) Support Integrates with enterprise SSO solutions for seamless authentication. |
. | No information available |
|
Security Audit Logging All sensitive actions are logged for audit and remediation. |
. | No information available |
|
Session Timeout Sessions automatically log users off after inactivity. |
. | No information available |
|
Penetration Testing Certification Regular vulnerability assessments conducted by third parties. |
. | No information available |
|
Secure API Key Management Issue, rotate, and disable API keys securely. |
API key management and user security controls described in TT administration documentation. | |
|
GDPR & Data Privacy Compliance Compliant with leading global data protection regulations. |
TT Platform conforms with leading global privacy regulations (GDPR, etc.) as per policy. | |
|
Access Activity Monitoring Monitor and alert on suspicious or abnormal user activity. |
. | No information available |
|
Read/Write/Trade Access Segregation Enforces separation of duties for enhanced security. |
. | No information available |
|
Tamper-Proof Data Storage Prevents unauthorized changes to historical data and logs. |
. | No information available |
|
Incident Response Workflow Pre-defined protocols in place for responding to security incidents. |
. | No information available |
Reporting & Analytics
(1 Yes /1 Known /15 Possible features)
|
Real-Time Trade Reporting Generates live reports on trade executions and status. |
Real-time trade reporting dashboards and APIs highlighted in TT Platform's reporting modules. | |
|
Custom Report Builder Create reports with custom filters, metrics, and visualizations. |
. | No information available |
|
Scheduled & Automated Reports Automatically generates and distributes recurring reports. |
. | No information available |
|
Regulatory Compliance Reports Predefined templates for MiFID, EMIR, SEC, etc. |
. | No information available |
|
Portfolio and P&L Analytics In-depth breakdown of profit & loss, attribution, and exposures. |
. | No information available |
|
User Activity Audit Reports Reports on user logins, actions, and changes for audit. |
. | No information available |
|
Latency and Execution Quality Metrics Analysis of slippage, latency, and transaction costs. |
. | No information available |
|
Order Flow Analytics Breakdown of order types, destinations, and performance. |
. | No information available |
|
Fee and Commission Reporting Itemized display of fees and commissions paid. |
. | No information available |
|
Error and Exception Logging Reports highlighting failed trades and system errors. |
. | No information available |
|
Customizable Export Formats Ability to export in XLS, CSV, PDF, XML, and other popular formats. |
. | No information available |
|
APIs for Data Extraction Programmatic access to pull custom report data. |
. | No information available |
|
KPI Dashboards Visual dashboards for major business and trading metrics. |
. | No information available |
|
Drilldown Capabilities Allows detailed exploration into aggregated report data. |
. | No information available |
|
Change and Version Tracking Track modification history of reports and data sets. |
. | No information available |
Deployment, Support & Maintenance
(0 Yes /0 Known /15 Possible features)
|
Cloud, On-Prem, or Hybrid Hosting Deployable in customer, cloud, or mixed environments. |
. | No information available |
|
24/7 Technical Support Live support available at any time worldwide. |
. | No information available |
|
Service Level Agreement (SLA) Guaranteed performance, support, and uptime commitments. |
. | No information available |
|
Automated Software Updates Pushes out security/feature updates with no manual intervention. |
. | No information available |
|
User Training & Onboarding Structured client onboarding and ongoing learning services. |
. | No information available |
|
Release Notes and Documentation Comprehensive release/change documentation for every deployment. |
. | No information available |
|
Dedicated Account Manager Single point of contact for ongoing client management. |
. | No information available |
|
Sandbox/Test Environment Hosted environment for safe testing of configurations and upgrades. |
. | No information available |
|
Custom Implementation Services Assistance with integration, migration, and configuration. |
. | No information available |
|
Multilingual Support Support and documentation provided in multiple languages. |
. | No information available |
|
Incident Response Time Average time for support to respond to critical issues. |
. | No information available |
|
Uptime Guarantees Guaranteed system availability target, per SLA. |
. | No information available |
|
Automated System Monitoring Tools for proactive monitoring and alerting on hardware/software. |
. | No information available |
|
Flexible Upgrade Scheduling Control when platform upgrades go live. |
. | No information available |
|
Community/Knowledge Base Access Online forums and articles for self-service troubleshooting. |
. | No information available |
Extensibility & Customization
(0 Yes /0 Known /15 Possible features)
|
Plugin/Extension Framework Enables addition of new features and tools easily. |
. | No information available |
|
Custom Algorithm Integration Upload, deploy and manage proprietary trading algorithms. |
. | No information available |
|
Open API Documentation Comprehensive docs for all APIs and data models. |
. | No information available |
|
Scriptable Workflows Define and execute automated workflows via scripts. |
. | No information available |
|
White-Label/Branding Options Support for custom branding and look/feel. |
. | No information available |
|
Custom Report Templates Create firm- or user-specific reporting templates. |
. | No information available |
|
Integration with Cloud Functions/Lambda Execute custom logic through cloud-based functions or serverless execution. |
. | No information available |
|
Role-Specific Dashboards Tailor dashboards to department/function. |
. | No information available |
|
Client-Side Scripting Support Permit users to upload and run their own scripts in the UI. |
. | No information available |
|
Workflow Automation Tools Drag-and-drop or code-driven configuration of business workflows. |
. | No information available |
|
Custom Data Connectors Build adapters/connectors for bespoke data/analytics needs. |
. | No information available |
|
User Preferences Storage Persist user-specific settings, layouts, and workflows. |
. | No information available |
|
Template Library Prebuilt templates for strategies, reports, and dashboards. |
. | No information available |
|
Advanced Permission Customization Granular security and access privileges per user or role. |
. | No information available |
|
Automated Testing/QA Tools Sandboxed unit/integration testing of custom features. |
. | No information available |
Costs & Licensing
(0 Yes /0 Known /15 Possible features)
|
Transparent Pricing Model Clear published details for all costs and fees. |
. | No information available |
|
Pay-As-You-Go Pricing Supports usage-based or tiered billing. |
. | No information available |
|
Enterprise Licensing Options Discounted rates and options for large organizations. |
. | No information available |
|
Support Included in Licensing Customer support is bundled with license fee. |
. | No information available |
|
Free/Community Edition Availability Entry level use at no or low cost. |
. | No information available |
|
Custom Quotation Capability Ability to provide quotes for bespoke feature sets. |
. | No information available |
|
Scalable Licensing Licensing and pricing scale easily as usage grows. |
. | No information available |
|
Easily Upgradable Subscription Tiers Smooth process for tier and feature upgrades. |
. | No information available |
|
No Vendor Lock-In Clauses Freedom to migrate away without penalties. |
. | No information available |
|
License Usage and Tracking Tool Monitor license usage and expiration in real time. |
. | No information available |
|
Cap on Overage/Extra Usage Fees Predictable charges when going beyond quota. |
. | No information available |
|
Annual/Biannual Review & Optimization Vendor review of usage for potential savings. |
. | No information available |
|
Discounts for Long-Term Commitments Reduced fees for multi-year agreements. |
. | No information available |
|
Bundle Offerings Options to bundle platform with additional services. |
. | No information available |
|
Unlimited User/Account Option License that allows unlimited seats. |
. | No information available |
Direct Market Access (DMA) Solutions for Trading & Execution
Technology that provides direct connectivity to trading venues, allowing for faster execution and greater control over trading strategies. These solutions minimize intermediaries and reduce latency in the trading process.
More Direct Market Access (DMA) Solutions
More Trading & Execution ...
Order Management
(10 Yes /10 Known /11 Possible features)
|
Multi-Asset Support Ability to manage orders across multiple asset classes (equity, fixed income, FX, derivatives, etc.). |
TT Platform offers multi-asset trading capability including futures, options, fixed income, and crypto, as per their product page and official documentation. | |
|
Order Modification Permits real-time modification or cancellation of orders. |
Real-time order modification and cancellation is a core feature highlighted in TT's order management functionality. | |
|
Real-Time Order Status Displays live status updates of all orders placed. |
Live order status updates are supported as part of TT’s trading workspace. | |
|
Bulk Order Management Enables upload, placement or cancellation of multiple orders at once. |
Bulk order upload and management is available through TT’s APIs and trading GUI. | |
|
Order Staging Prepares and stores orders before sending to the market. |
Order staging features (prepare/store orders before market) are shown in their order management literature. | |
|
Order Routing Logic Custom routing logic (rules, algorithms, markets) for different order types/instruments. |
TT supports custom order routing via rules/algorithms as per their Smart Order Router. | |
|
Order Capacity The maximum number of simultaneous open orders supported. |
No information available | |
|
Advanced Order Types Supports stop, limit, market, iceberg, IOC, FOK, and other advanced order types. |
Advanced order types including stop, limit, market, iceberg, OCO, and others are advertised on their product page. | |
|
Special Instructions Support (e.g., DMA tags) Handles client-provided special order instructions or tags for routing. |
Special instructions and tags (such as DMA tags) are supported in orders. | |
|
Parent-Child Order Tracking Tracks the linkage and execution status of parent and child (algorithmic) orders. |
Parent-child (algorithmic) order tracking is available via their algo trading workflows. | |
|
Order Validation Pre-trade validation for compliance and trading limits. |
Pre-trade compliance/risk validation included in product datasheets. |
Connectivity & Market Access
(7 Yes /7 Known /10 Possible features)
|
Exchange Connectivity Direct connections to multiple trading venues and exchanges. |
TT provides direct connections to numerous global exchanges as a core offering. | |
|
Smart Order Routing (SOR) Automatically finds best price/liquidity across venues. |
Smart Order Routing is highlighted as a differentiating feature. | |
|
FIX Protocol Support Full FIX (Financial Information Exchange) messaging support. |
Full support for FIX protocol messaging is explicitly documented. | |
|
Co-Location Options Offers proximity hosting near exchange data centers for latency reduction. |
Co-location/proximity hosting at multiple major exchanges is a standard TT feature. | |
|
Direct Exchange Memberships Ability to use client or provider memberships for market access. |
TT supports both client and provider memberships for market access. | |
|
Latency Round-trip latency of order transmission to and from markets. |
No information available | |
|
Bandwidth Supported bandwidth for order flow/data (capacity). |
No information available | |
|
Availability (Uptime) Percentage of time platform is accessible. |
No information available | |
|
Disaster Recovery Connectivity Redundant or backup connectivity paths. |
Disaster recovery options are described as part of TT’s infrastructure documentation. | |
|
API Access Availability of robust APIs (e.g., REST, WebSocket, proprietary) for integrations. |
Robust APIs (REST, WebSocket, FIX, proprietary) are a critical component of TT Platform. |
Execution Quality & Analytics
(8 Yes /8 Known /9 Possible features)
|
TCA (Transaction Cost Analysis) Comprehensive post-trade and real-time analytics on execution quality and costs. |
TT provides Transaction Cost Analysis (TCA) as standard execution analytics. | |
|
Pre-Trade Analytics Tools to estimate impact, spread, and market conditions prior to order submission. |
Pre-trade analytics tools are advertised for estimating market impact and spread. | |
|
Slippage Tracking Measures price impact between arrival and executed price. |
Slippage tracking is available through analytics dashboards. | |
|
Benchmarking (VWAP, TWAP, etc.) Compares execution performance to standard market benchmarks. |
TT offers benchmarking tools (VWAP, TWAP, etc.) within its analytics suite. | |
|
Venue Analysis Breakdown of execution across different venues and liquidity providers. |
Venue analysis (breakdown by execution venue) part of analytics platforms. | |
|
Real-Time Fill Quality Monitoring Alerts and reporting on execution quality as fills occur. |
Fill quality and real-time execution analytics available as documented in product features. | |
|
Customizable Analytics Dashboard Ability to create personalized views and reports. |
Customizable analytics dashboards are supported within the TT workspace. | |
|
Historical Data Retention Retention period for trade and analytics data. |
No information available | |
|
Automated Alerts Customizable alerts for outlier/exception analytics. |
Automated alerts for analytics exceptions are described in the TT documentation. |
Algo Trading Capabilities
(8 Yes /8 Known /9 Possible features)
|
Native/Custom Algos Support for proprietary and third-party execution algorithms. |
Supports proprietary and third-party algorithms, both built-in and via integration. | |
|
Algorithm Parameterization Users can configure and adjust key parameters for each algorithm. |
Algorithm parameterization is available through the TT Algo interface. | |
|
Algo Scheduling Set start/end times and scheduling for algorithmic orders. |
Algos can be scheduled for specific timeframes. | |
|
API for Algo Integration APIs to integrate custom algorithmic strategies. |
APIs for custom algorithmic logic integration are available. | |
|
Pre/Post-Trade Risk Controls for Algos Prevents out-of-bound algo behavior (e.g., fat finger, price limits). |
Risk controls for algorithms, including pre/post-trade checks, are available. | |
|
Real-Time Algo Performance Monitoring Live tracking and monitoring dashboard for algo and child orders. |
Performance monitoring for algorithms and their child orders is available. | |
|
Backtesting Environment Sandbox to test and simulate algorithms with historical data. |
Backtesting environment for algos with historical data is supported. | |
|
Number of Concurrent Algos Maximum number of simultaneous algorithmic strategies. |
No information available | |
|
Strategy Simulation Run simulations prior to live execution. |
Supports algorithm strategy simulation prior to live execution. |
Pre-Trade Risk Management
(9 Yes /9 Known /10 Possible features)
|
Credit Limit Checks Checks for available trading limits in real-time. |
Real-time credit limit checks are part of the pre-trade risk modules. | |
|
Fat Finger/Order Size Limits Prevents erroneous order entry by applying size and price bands. |
Fat finger protection and order size/price checks described under risk features. | |
|
Pre-Trade Compliance Checks Validates trades against regulatory and internal compliance rules. |
Pre-trade compliance validation is prominently supported. | |
|
Market Halt Detection Monitors trading halts and rejects incompatible orders. |
Product monitors and enforces market halt detection as part of risk controls. | |
|
Automated Rejection Automatic rejection of non-compliant or failed pre-trade risk orders. |
Automated rejection of non-compliant/ineligible orders is part of standard risk management. | |
|
Real-Time Exposure Monitoring Updated view of exposures by trader, desk, or account. |
Real-time monitoring of exposures by desk/account is part of TT's pre-trade risk. | |
|
Customizable Risk Rules Ability to configure new risk checks and scenarios. |
Risk rules are customizable via admin interfaces. | |
|
Pre-Set Risk Profiles Predefined risk settings by account/user/group. |
Preset configurable risk profiles are available. | |
|
Alerting for Breaches Sends alerts for risk breaches or near-limit events. |
Alerts for risk breaches and pre-limit events are configurable. | |
|
Speed of Risk Evaluation Average time for risk checks prior to order submission. |
No information available |
User Experience & Interface
(8 Yes /8 Known /10 Possible features)
|
Customizable Dashboards Users can configure layouts, widgets, and displays. |
Users can create custom dashboards and configure layouts/widgets. | |
|
Web-Based Access Platform accessible through secure browser interfaces. |
Web-based access is a core aspect (browser trading). | |
|
Mobile Compatibility Access via mobile devices (iOS, Android). |
Mobile compatibility via dedicated TT Mobile app. | |
|
Multi-Language Support User interface available in multiple languages. |
Product supports multiple languages for international users. | |
|
Single Sign-On (SSO) Supports SSO integration for user authentication. |
Single sign-on (SSO) is supported for enterprise clients. | |
|
Real-Time Notifications Alerts, confirmations, and updates pushed live to UIs. |
Real-time notifications, alerts, and confirmations are available across TT desktop and mobile apps. | |
|
Theming/Branding Options Ability to apply custom color schemes/statements. |
No information available | |
|
User Roles & Permissions Granular control over feature access and user entitlements. |
Granular role-based permissions and user management are described in TT admin tools. | |
|
Drag-and-Drop Order Entry Quick entry and modification of orders via GUI. |
No information available | |
|
Keyboard Shortcuts Efficiency with hotkeys for common tasks. |
Keyboard shortcuts for common trading operations are supported. |
Post-Trade Processing & Reporting
(9 Yes /9 Known /10 Possible features)
|
Automated Trade Capture Automatic capture and booking of executed trades. |
Executed trades are captured and booked automatically. | |
|
Reconciliation Tools Automated reconciliation of trades with counterparts and custodians. |
TT’s ecosystem includes reconciliation tools and integrations. | |
|
Confirmation Generation Ability to produce, send, and track trade confirmations. |
Trade confirmations and tracking are provided by the platform. | |
|
Trade Allocation Post-trade allocation of executed trades to funds/accounts. |
Trade allocation modules for funds/accounts allocation post-trade. | |
|
Regulatory Reporting Integration Automated generation and submission of required regulatory reports (MiFID, EMIR, etc.). |
Automated integration for regulatory reporting (e.g., MiFID, EMIR) is described. | |
|
Client Custom Reports Customizable reporting formats for clients and stakeholders. |
Custom report templates are supported for clients. | |
|
Audit Trail Comprehensive, immutable record of all post-trade actions. |
Full audit trail available for all post-trade actions. | |
|
Data Export Export data in standard formats (CSV, Excel, XML, etc.) |
Data export in CSV/Excel and other standard formats supported. | |
|
Automated Settlement Instructions Handles STP (Straight Through Processing) for settlement operations. |
Automated straight-through settlement processing is available. | |
|
Trade Matching Speed Average time to match and confirm trades post-execution. |
No information available |
Compliance & Regulatory
(10 Yes /10 Known /10 Possible features)
|
Regulatory Rule Engine Configurable engine for automatic application of current regulations. |
TT includes regulatory rule engine for global regulations (configurable rules). | |
|
Audit Logging Records every user action, system change, and trade event. |
Comprehensive audit logging of all user/system/trade events. | |
|
MiFID II / EMIR / Dodd-Frank Compliance Features to directly support global regulatory requirements. |
Explicit support for MiFID II, EMIR, and Dodd-Frank requirements are detailed on TT’s compliance resources. | |
|
Surveillance & Monitoring Monitors trading activity for breaches or suspicious behavior. |
Surveillance and monitoring for suspicious activity are discussed as part of compliance modules. | |
|
Automated Flagging/Alerts Automatic alerting for compliance or behavioral thresholds. |
Automated compliance alerts are mentioned throughout compliance product sections. | |
|
Secure Data Archival Long-term, secure archiving of trade and communication records. |
Secure, long-term data archival is documented. | |
|
User Access Logging Tracks and records all user access events. |
User access logging is available for compliance and audit purposes. | |
|
Encrypted Communications All user and system communications are encrypted (TLS, SSH, etc.). |
All platform communication encrypted with TLS; compliance documentation confirms this. | |
|
Two-Factor Authentication Supports strong user authentication methods. |
Two-factor authentication available as an option for user accounts. | |
|
Reporting Automation Automatic generation and delivery of required regulatory reports. |
Reporting automation for regulatory compliance detailed in product brochures. |
Integration & Interoperability
(10 Yes /10 Known /10 Possible features)
|
OMS/EMS Integration Seamless integration with Order Management/Execution Management Systems. |
TT Platform can integrate with third-party OMS/EMS. | |
|
Portfolio Management System (PMS) Integration Ability to feed and receive data from PMS solutions. |
Integration with Portfolio Management Systems (PMS) supported via APIs and custom connectors. | |
|
Custodian/Prime Broker Integration Trade and settlement connectivity with custodians and primes. |
Custodian and prime broker connectivity modules described in integration documentation. | |
|
RESTful APIs Well-documented, open APIs for integration with in-house systems. |
RESTful and open APIs are emphasized throughout technical documentation. | |
|
FIX Drop Copy Support Supports drop copy feeds for real-time trade notifications to third parties. |
FIX drop copy is mentioned as a supported feature for real-time notifications. | |
|
Data Feed Integrations Ability to ingest and export data feeds for trades, prices, and reference data. |
Supports ingestion/export of multiple trade, price, and reference data feeds. | |
|
Open Architecture Easily extensible and modular system design. |
Open/Extensible architecture is highlighted in technical solution papers. | |
|
ETL Tools Built-in tools for Extract-Transform-Load (ETL) of external data. |
ETL tools for data import/export described for various integration scenarios. | |
|
Support for Industry Standard Protocols Integration support for standard protocols (SWIFT, FpML, etc.). |
Industry standards protocols (FIX, SWIFT, FpML, etc.) supported as integration options. | |
|
Workflow Automation Hooks APIs or tools to trigger or respond to workflow automation events. |
Workflow automation API hooks are documented. |
Vendor Support & Service
(9 Yes /9 Known /10 Possible features)
|
24/7 Technical Support Availability of live support around the clock. |
24/7 support is described as available for institutions. | |
|
Dedicated Relationship Manager Access to a dedicated account representative. |
Clients are assigned dedicated relationship managers on enterprise contracts. | |
|
Onboarding & Training Programs Structured onboarding and staff training offered. |
Structured onboarding and staff training are available and described in customer support materials. | |
|
Comprehensive Documentation Detailed user, API, and integration documentation. |
Comprehensive technical/user/API documentation provided to all clients. | |
|
Service Level Agreements (SLAs) Agreed guarantees for uptime, support, and delivery. |
Service Level Agreements (SLAs) for uptime and support are described. | |
|
Issue Resolution Speed Average time to resolve technical/support issues. |
No information available | |
|
User Community/Forums Availability of active user or developer communities. |
An active user/developer community is indicated on their support portal and forums. | |
|
Multi-Channel Support Support available via phone, email, chat, and portal. |
Support available via phone, email, chat, and web portal. | |
|
Regular Software Updates Scheduled updates and proactive vulnerability patching. |
Regular software and security updates described in maintenance policy. | |
|
Onsite Support Availability Option to have support staff on-premises for key events/issues. |
Enterprise customers may arrange for onsite support (see sales documentation). |
Security & Data Protection
(10 Yes /10 Known /10 Possible features)
|
Data Encryption At Rest and In Transit All data is encrypted both during storage and network transfer. |
Data encryption at rest and in transit confirmed in security documentation. | |
|
Regular Penetration Testing System and network regularly tested for vulnerabilities by third parties. |
Regular penetration and vulnerability testing confirmed in compliance and security whitepapers. | |
|
Role-Based Access Controls Granular access privileges based on job roles and responsibilities. |
Role-based access controls supported at user/group/desk levels. | |
|
Intrusion Detection and Prevention Active monitoring for suspicious or abnormal system activities. |
Intrusion detection and prevention is part of their monitored hosting environments. | |
|
Secure Audit Trail Tamper-proof logging of system and user activities. |
Secure, tamper-proof audit trail logging is supported. | |
|
Physical Security Physical data center security standards (biometric, CCTV, etc.). |
Data centers follow industry-standard physical security protocols (vendor documentation). | |
|
Data Retention Policy Configurable data retention and destruction policies. |
Configurability of data retention and destruction is cited in TT GDPR documentation. | |
|
User Activity Monitoring Real-time monitoring and logging of all user activities. |
User activity is monitored and logged in real-time. | |
|
Disaster Recovery Procedures Pre-defined processes for recovery from major events or outages. |
Disaster recovery procedures are well-documented in technical and sales collateral. | |
|
GDPR/Global Data Privacy Compliance Compliance with all recognized data privacy laws. |
TT states compliance with GDPR and other global data privacy laws. |
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Order Management
(11 Yes /11 Known /15 Possible features)
|
Multi-Asset Support Ability to handle orders for equities, options, futures, forex, and other products. |
TT Platform offers trading in equities, derivatives (including futures, options), and forex; website confirms multi-asset support. | |
|
Advanced Order Types Supports market, limit, stop, stop-limit, iceberg, and other advanced order types. |
TT Platform supports market, limit, stop, stop-limit, trailing stop, OCO, and algorithmic order types, as per product literature. | |
|
Batch Order Processing Capability to process multiple orders in a single submission. |
TT Platform supports batch/algorithmic order entry including multi-leg strategies and staged/batched orders. | |
|
Order Modification Allows users to amend or cancel orders before execution. |
Order modification (amend/cancel/replace) is available prior to execution as a core function. | |
|
Order Routing Logic Customizable rules for how and where orders are routed. |
TT Platform includes customizable order routing rules and logic, referred to as 'Smart Order Router' and execution algos. | |
|
Partial Fills Handling Ability to manage and track partial order executions. |
Partial fills are explicitly supported and can be tracked in the trading interface. | |
|
Order Status Monitoring Real-time display of open, filled, and cancelled orders. |
Real-time monitoring of order status is visible in the order book and blotter. | |
|
Order Throttle Rate The maximum number of orders the platform can handle per second. |
No information available | |
|
Pre-Trade Compliance Checks Ensures orders meet regulatory and internal risk policies before sending to market. |
TT Platform includes pre-trade compliance checks, as part of risk management and compliance modules (see docs). | |
|
Audit Trail Complete historical log of all order activities. |
Audit trail is supported and exportable for regulatory compliance; found in documentation. | |
|
Parent-Child Order Linkage Tracks and manages parent orders alongside resulting child slices. |
Parent-child order management for slicing large orders into child legs is provided (used in algos and staged orders). | |
|
Order Lifecycle Analytics Insights and statistics on order execution patterns. |
Order lifecycle analytics and statistics are accessible via TT Score and analytics dashboards. | |
|
Synchronized Multi-Venue Orders Executes and manages identical or related orders across different venues. |
. | No information available |
|
Order Template Presets Pre-configured templates for recurring order types or strategies. |
. | No information available |
|
Dedicated Order Entry Hotkeys Keyboard shortcuts for speedier order entry and management. |
. | No information available |
Execution Algorithms
(13 Yes /13 Known /15 Possible features)
|
VWAP Algorithm Executes trades in line with volume-weighted average price. |
VWAP algos are offered in the TT Algo suite. | |
|
TWAP Algorithm Trades according to a time-weighted average price schedule. |
TWAP (Time-Weighted Average Price) algos are included in the platform's algorithmic suite. | |
|
Implementation Shortfall Optimizes execution to minimize cost relative to a reference price. |
Implementation Shortfall algos/logic appear in TT's execution strategies. | |
|
Percentage of Volume Participates with a pre-defined percent of market volume. |
Percent of Volume (POV) order type is included as per TT's algo documentation. | |
|
Liquidity Seeking Targets hidden liquidity using smart order routing. |
Liquidity seeking and smart order routing are fundamental in TT platform's routing description. | |
|
Dark Pool Access Routes orders to dark pools and alternative trading systems. |
Dark pool routing is available for supported asset classes, according to product capabilities. | |
|
Custom Algorithmic Strategies Allows users to build, deploy, or parameterize custom execution logic. |
TT strategy environment supports custom algo parameterization and deployment with ADL (Algo Design Lab). | |
|
Latency Measurement Time delay between order submission and execution. |
No information available | |
|
Post-Trade Slippage Analysis Measures the difference between expected and actual execution price. |
TT provides post-trade slippage analysis and trading performance metrics as per analytics documentation. | |
|
Dynamic Scheduling Adjusts execution schedules based on real-time market conditions. |
Dynamic scheduling based on market conditions is a feature of advanced algos in TT. | |
|
Child Order Slicing Breaks large orders into smaller, randomized chunks. |
Child order slicing capability is standard in TT's algos and risk controls. | |
|
Passive/Aggressive Mode Switches between aggressive liquidity-taking and passive posting. |
Passive/aggressive execution modes are supported through algo order settings. | |
|
Execution Benchmarks Configurable to achieve different benchmark prices (open, close, custom). |
Execution benchmarks targeting open, close, VWAP, TWAP, custom are supported by TT platform. | |
|
Real-Time Rebalancing Automates portfolio or basket rebalancing during trading sessions. |
Automated real-time rebalancing supported for basket and portfolio trading as per TT documentation. | |
|
Algorithm Switching Ability to switch execution algorithms mid-trade or hybridize algorithms. |
. | No information available |
Market Data Integration
(3 Yes /3 Known /15 Possible features)
|
Level I and II Market Data Streams real-time bid, ask, last, and full order book depth. |
TT provides both Level I and II market data streaming options. | |
|
Tick-by-Tick Data Provides every trade, quote, and event detected by the market. |
. | No information available |
|
Aggregated Market Statistics Delivers calculated statistics (VWAP, volume, highs/lows, etc.). |
. | No information available |
|
Historical Data Download Enables download of historical prices and trade information. |
Download and access to historical tick and aggregate market data available in TT. | |
|
Custom Market Data Subscriptions Allows user-defined data subscriptions for only relevant instruments. |
. | No information available |
|
News Feed Integration Ingests and displays news, economic alerts, or relevant headlines. |
News, economic data and third-party news feed integrations are available. | |
|
Corporate Action Alerts Notifies about splits, dividends, and symbol changes in real-time. |
. | No information available |
|
Market Data Feed Latency Measures the delay in receiving real-time data from the source. |
. | No information available |
|
Multimarket Data Aggregation Combines data streams from multiple exchanges or ECNs. |
. | No information available |
|
Data Quality Monitoring Detects missing, corrupted, or delayed data points. |
. | No information available |
|
End-of-Day Reporting Automated generation of daily trade and quote summaries. |
. | No information available |
|
Data Normalization Harmonizes data formats across various sources. |
. | No information available |
|
Symbol Mapping Engine Resolves identifier mismatches across data providers. |
. | No information available |
|
User-Defined Alerts Create price, condition, or event-based notifications. |
. | No information available |
|
Real-Time Visualization Tools Heatmaps, order book ladders, and stream graphs for data exploration. |
. | No information available |
Risk Management
(4 Yes /4 Known /15 Possible features)
|
Pre-Trade Risk Checks Assess credit, exposure, and regulatory compliance before trades are submitted. |
Pre-trade risk checks available for regulatory and internal compliance on the TT platform. | |
|
Real-Time Position Limits Sets maximum position sizes per trader, account, or symbol. |
Real-time position limits by account/trader are configurable. | |
|
Notional Exposure Controls Caps exposure by total notional value of outstanding trades. |
. | No information available |
|
Automated Risk Notifications Alerts users when approaching or breaching risk thresholds. |
Automated risk notifications and alerting are included in risk management workflows. | |
|
Intraday Margin Calculation Calculates required and used margin continuously. |
. | No information available |
|
Dynamic Risk Parameter Updates Permits in-session changes to risk model parameters. |
. | No information available |
|
Auto-Liquidation Engine Automatically unwinds positions when risk tolerance is exceeded. |
. | No information available |
|
Stress Testing Framework Simulates portfolio shocks and worst-case scenarios. |
. | No information available |
|
Custom Risk Rules Editor Lets users develop and deploy custom risk validation rules. |
. | No information available |
|
Overnight and Intraday Risk Segmentation Differentiates between risk for overnight vs intraday positions. |
. | No information available |
|
Real-Time VaR (Value at Risk) Calculation Calculates statistical loss estimates in real-time. |
VaR (Value at Risk) calculations and risk analytics in real-time available within risk management suite. | |
|
Trade Blotter Surveillance Monitors live trading blotter for exception patterns. |
. | No information available |
|
Custom Risk Dashboard Visual, role-based dashboards for risk summaries and controls. |
. | No information available |
|
Surveilled Account Whitelisting Specifies trusted accounts or traders exempt from certain controls. |
. | No information available |
|
Intraday P&L Monitoring Live calculation of profit and loss across accounts. |
. | No information available |
User Interface & Customization
(5 Yes /5 Known /15 Possible features)
|
Customizable Workspace Layouts Users can drag, drop, and resize modules to suit their workflow. |
Drag-and-drop customizable workspace and dashboard layouts per user. | |
|
Multiple Monitor Support Interface can be spread across several screens. |
Interface supports multiple monitor spanning and layouts. | |
|
Light/Dark Mode Themes Full theme control for screen comfort. |
Light/dark mode theme switching provided for UI comfort. | |
|
Widget-Based Dashboards Dashboards comprised of interactive, customizable widgets. |
. | No information available |
|
Quick Access Toolbars Allows pinning of frequently used actions for fast access. |
. | No information available |
|
Custom Alerts and Notifications Personalized pop-ups, email, or SMS triggers. |
. | No information available |
|
Language Localization Options For multi-lingual user environments. |
. | No information available |
|
Accessibility Features High-contrast, large text, screen reader support. |
. | No information available |
|
Hotkey/Keyboard Shortcuts Fully user-configurable shortcuts for commands. |
User-configurable hotkeys and keyboard shortcuts as detailed in the user guide. | |
|
Saved Workspace Profiles Save and load environment configurations. |
. | No information available |
|
Built-In Charting Tools Technical and fundamental chart overlays. |
. | No information available |
|
Real-Time Custom Watchlists User-defined watchlists for tracking relevant securities. |
. | No information available |
|
Mobile Device Compatibility Optimized for phones and tablets. |
TT Mobile provides access to core functionality via phones and tablets. | |
|
Role-Based Interface Controls User views and permissions alter display elements. |
. | No information available |
|
API Interface Widgets Drag-and-drop widgets for API/configuration management. |
. | No information available |
API and System Integration
(4 Yes /4 Known /15 Possible features)
|
FIX Protocol Support Industry-standard Financial Information eXchange connectivity. |
FIX protocol (Financial Information eXchange) is supported for connectivity with brokers and exchanges. | |
|
REST API Documentation Structured REST API endpoints for connectivity. |
. | No information available |
|
WebSocket Streaming API For real-time, push-based integration. |
WebSocket streaming API for market data and order events as per API documentation. | |
|
Order Entry API APIs for programmatic order submission and management. |
Order Entry API with programmatic order management is available via TT's APIs. | |
|
Market Data API APIs for subscribing to real-time and historical market data feeds. |
APIs for subscribing to real-time and historical market data are available to clients. | |
|
Custom Plugin Framework Developers can enhance or extend functionality via plugins. |
. | No information available |
|
Authentication & Authorization API Access management via API integrations. |
. | No information available |
|
Latency Benchmarking Tools APIs or endpoints to measure performance, round trips, etc. |
. | No information available |
|
Cross-System Workflow Orchestration Supports triggers, workflows with OMS, EMS, back office. |
. | No information available |
|
Third-Party Vendor Marketplace Easy integration and discovery of certified third-party apps. |
. | No information available |
|
Automated Testing API Endpoints for pre-production testing/simulation. |
. | No information available |
|
Streaming Analytics Integration Real-time analytic overlay via external services. |
. | No information available |
|
Seamless Reporting System Export Pushes data/reports to internal or external systems. |
. | No information available |
|
Custom API Rate Limit Configurable limits to API requests per second. |
. | No information available |
|
Bidirectional Data Sync Updates flow to and from the platform and connected systems. |
. | No information available |
Regulatory Compliance & Auditing
(0 Yes /0 Known /15 Possible features)
|
Comprehensive Audit Trail Granular, tamper-evident logs of all user and system actions. |
. | No information available |
|
MiFID II/SEC/ESMA/Exchange Compliance Built-in compliance with multiple regulatory frameworks. |
. | No information available |
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Automated Trade Surveillance Detects patterns of potential market abuse. |
. | No information available |
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Report Generation for Regulators Exports trade, order, and risk reports in accepted regulatory formats. |
. | No information available |
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Retention Policy Management Configurable log, message, and data retention based on policy. |
. | No information available |
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System Access Logging Logins, logouts, and access level changes are tracked. |
. | No information available |
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Anonymized Data Export Ability to export de-identified data for compliance review. |
. | No information available |
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Whistleblower/Exception Channel Internal mechanism for flagging suspicious activities. |
. | No information available |
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Data Integrity Verification Routine checks to verify integrity of transactional data. |
. | No information available |
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User Access Certification Regularly reviewed and attested user role permissions. |
. | No information available |
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Automated Email Archive Captures all transactional emails for compliance. |
. | No information available |
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Interoperability with Compliance Vendors Integrates with popular compliance and reporting solutions. |
. | No information available |
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Configurable Alert Thresholds Administrators adjust triggers for surveillance alerts. |
. | No information available |
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Geographic & Jurisdictional Limiters Automatically blocks/flags activity in prohibited regions. |
. | No information available |
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Automated Trade Reconcilation Reports Reconciles internal order books and trade records for compliance. |
. | No information available |
Performance & Scalability
(0 Yes /0 Known /15 Possible features)
|
Concurrent User Capacity Maximum number of active users supported. |
. | No information available |
|
Multi-core Processing Support Can efficiently utilize multi-core CPUs for parallel processing. |
. | No information available |
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Throughput Rate Order/message processing throughput. |
. | No information available |
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Horizontal Scaling Ability to increase system resources or nodes for higher load. |
. | No information available |
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Automatic Load Balancing Distributes work efficiently among available resources. |
. | No information available |
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Low-Latency Architecture Engineered for sub-millisecond performance. |
. | No information available |
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System Uptime SLA Guaranteed minimum uptime. |
. | No information available |
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Hot Swappable Components Systems/modules can be updated or replaced without downtime. |
. | No information available |
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Peak Load Stress Testing Provisions for sustained high-volume operational simulation. |
. | No information available |
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Auto-Scaling Cloud Deployment Platform can expand/reduce cloud resources as required. |
. | No information available |
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Persistent, High-Speed Storage Fast, reliable storage for high throughput workloads. |
. | No information available |
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Disaster Recovery Failover Time Max time to recovery after major failure. |
. | No information available |
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Data Replication Latency Delay for synchronizing data between active and backup sites. |
. | No information available |
|
Automated Health Check Monitoring Self-checks and monitoring for platform health. |
. | No information available |
|
Dynamic Resource Allocation Dynamically allocates computational resources during spikes. |
. | No information available |
Security
(7 Yes /7 Known /15 Possible features)
|
Multi-Factor Authentication Requires more than one method of authentication to access the platform. |
Multi-factor authentication is implemented for TT client logins. | |
|
End-to-End Encryption Encrypts all data in transit and at rest. |
All communication is encrypted per platform security documentation. | |
|
Role-Based Access Control Permissions and feature access defined per user role. |
Role-based access controls are enforced for different user types. | |
|
Session Timeout Auto-logout users after inactivity. |
. | No information available |
|
Intrusion Detection & Prevention Monitors platform for suspicious activities. |
. | No information available |
|
IP Whitelisting Restricts access to pre-approved locations/networks. |
. | No information available |
|
Audit Log Tamper Protection Ensures audit logs can't be altered post-creation. |
. | No information available |
|
Secure Software Development Lifecycle Security controls in code, testing, and deployment. |
. | No information available |
|
User Password Strength Policy Enforces minimum complexity, expiration, and change frequency. |
Password policy enforcement (length, complexity, rotation) is a standard feature on TT. | |
|
Export/Download Restrictions Restricts or tracks data exports and downloads. |
. | No information available |
|
Certificate-Based Mutual Authentication Requires digital certificates for client/server verification. |
. | No information available |
|
Security Patch Management Timely application of security patches. |
Regular security patch maintenance rollout is referenced in TT's service documentation. | |
|
DDoS Protection Safeguard against distributed denial of service attacks. |
DDoS (Distributed Denial of Service) mitigation/protection measures are in place as per security documentation. | |
|
Automated Threat Intelligence Feeds Integrates with threat intelligence for proactive defense. |
. | No information available |
|
Data Loss Prevention (DLP) Prevent unauthorized transfer or sharing of sensitive information. |
DLP system integration and features for sensitive data covered in the security overview. |
Reporting & Analytics
(2 Yes /2 Known /15 Possible features)
|
Real-Time P&L Monitoring Live profit and loss reporting by instrument, portfolio, or trader. |
Real-time P&L calculation and reporting dashboards are standard for risk and trade monitoring. | |
|
Custom Report Builder Drag-and-drop interface for building tailored reports. |
Custom report builders and detailed report templates are available within TT's analytics modules. | |
|
Scheduled Report Automation Email, export, or API push of regular reports. |
. | No information available |
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Compliance Reporting Templates Pre-built templates for key regulatory regimes. |
. | No information available |
|
Interactive Trade Blotters Filterable, drill-down table of trades, orders, and executions. |
. | No information available |
|
Performance Benchmarking Compare trader/strategy returns vs customizable benchmarks. |
. | No information available |
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Historical Trade Analytics Slice and analyze past trades and strategies. |
. | No information available |
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Dashboard KPI Widgets Configurable visualization for key business metrics. |
. | No information available |
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Post-Trade Transaction Cost Analysis Detailed review of slippage, fees, and market impact. |
. | No information available |
|
Export to Excel/CSV/PDF Multiple formats for extracting report data. |
. | No information available |
|
Pivot Table Functionality Flexible summary and analysis for large datasets. |
. | No information available |
|
Role-Specific Report Access Permissions restrict who can see what reports. |
. | No information available |
|
Custom Charting & Visualization User-defined technical and quantitative chart overlays. |
. | No information available |
|
Drill-Down Capabilities Analyze from portfolio down to single trade detail. |
. | No information available |
|
Integration with BI Tools (e.g., Tableau, PowerBI) Supports direct connection with external analytics solutions. |
. | No information available |
Deployment, Maintenance & Support
(1 Yes /1 Known /15 Possible features)
|
Deployment Flexibility Cloud, on-premises, and hybrid deployment models supported. |
TT is available as a cloud-based SaaS and for on-premises deployment under special arrangements. | |
|
24/7 Technical Support Round-the-clock tech/help desk availability. |
. | No information available |
|
User Self-Service Portal Knowledge base and ticketing for support issues. |
. | No information available |
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Automated Platform Updates Zero downtime upgrades and security patches. |
. | No information available |
|
Disaster Recovery Plan Documented, tested processes for platform recovery. |
. | No information available |
|
Service Level Agreements (SLAs) Binding commitments to uptime, support responsiveness, etc. |
. | No information available |
|
Configurable Maintenance Windows Set and communicate system downtime periods. |
. | No information available |
|
Named Account Management Designated customer success managers. |
. | No information available |
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Automated Data Backups Routine backups for all user and trade data. |
. | No information available |
|
Onboarding & Training Documentation Guided instructions, demo materials, user manuals. |
. | No information available |
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Incident Tracking and Root Cause Analysis Platform for issue tracking, resolution timelines, and RCA. |
. | No information available |
|
Integration with IT Service Management Tools Ticketing system compatibility (e.g., ServiceNow, Jira). |
. | No information available |
|
Multi-Tenant Support Allows multiple clients with separate data/controls on shared infrastructure. |
. | No information available |
|
White Labeling Options Branding and interface customization for resellers/clients. |
. | No information available |
|
End-User Feedback Integration Mechanisms to collect and act on user suggestions. |
. | No information available |
Connectivity & Exchange Access
(0 Yes /0 Known /15 Possible features)
|
Direct Market Access (DMA) Low-latency, direct connections to exchange gateways. |
. | No information available |
|
Co-Location Options Infrastructure physically located at or near exchange data centers. |
. | No information available |
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Redundant Connectivity Multiple independent network paths to exchanges. |
. | No information available |
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Exchange Certification Support for all required certifications by connected venues. |
. | No information available |
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Smart Order Routing Intelligently routes orders for best execution across venues. |
. | No information available |
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Cross-Venue Order Synchronization Keeps orders and executions synchronized across linked venues. |
. | No information available |
|
Automatic Failover Seamless transition to backup network paths on failure. |
. | No information available |
|
Exchange Latency Monitoring Tracks latency of orders and data to/from each venue. |
. | No information available |
|
Support for Multiple Connectivity Protocols FIX, ITCH, OUCH, proprietary crosses, etc. |
. | No information available |
|
Venue Entitlement Management Controls access by user, desk, or client to specific venues. |
. | No information available |
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Market Participation Analytics Visualizes and analyzes fills/participation by venue. |
. | No information available |
|
Dynamic Venue Discovery Identifies new/available venues and onboards automatically. |
. | No information available |
|
Burst Capacity Handling Can process sudden bursts of orders or data. |
. | No information available |
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API Access for Venue Connectivity Management APIs to configure, test, and update venue connections. |
. | No information available |
|
Secure Session Management Manages and monitors session state and health with exchanges. |
. | No information available |
Execution Management Systems (EMS) for Trading Desk
Specialized trading interfaces focused on optimizing order execution through smart order routing, algorithmic trading strategies, and real-time analytics on execution quality and market impact.
More Execution Management Systems (EMS)
More Trading Desk ...
Order Management
(12 Yes /12 Known /14 Possible features)
|
Multi-Asset Support Ability to handle order entry and routing across different asset classes (equities, derivatives, FX, fixed income). |
TT Platform provides trading and order routing for multiple asset classes including futures, fixed income, cryptocurrencies, and options. | |
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Order Staging Allows pre-submission review and adjustment of orders. |
Pre-trade order staging and review are available as per platform documentation (staged orders and order staging ribbons). | |
|
Order Validation Checks compliance and correctness of order fields and market-specific rules. |
Order validation is performed before routing, including compliance and field checks, as stated in technical guides. | |
|
Order Enrichment Auto-population of missing order details based on user and market profiles. |
Order enrichment via automatic population of values based on account profiles and market, evidenced in user settings and API documentation. | |
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Bulk Order Handling Supports simultaneous handling and modification of multiple orders. |
Bulk order handling is supported, with ability to work with and modify multiple orders at once (via order book and API/bulk actions). | |
|
Parent/Child Order Management Supports splitting and aggregating orders for better execution. |
Parent/child order management supported via staged child orders and parent strategy execution (algorithmic execution tools like TT Algo SDK). | |
|
Order Modification & Cancellation Allows real-time update and cancel of working orders. |
TT allows real-time modification and cancellation of working orders from the interface and API. | |
|
Order Acknowledgment Speed Average time to acknowledge order receipt. |
No information available | |
|
Order Capacity Number of orders that can be handled simultaneously. |
No information available | |
|
Pre-Trade Risk Controls Pre-submission risk checks to prevent erroneous trades. |
Platform supports pre-trade risk checks, including execution limits, compliance controls, and flexible rule setup. | |
|
Soft/Hard Limits per Account Predefined exposure and order size limits per trader/account. |
Soft/hard limits and user-level risk rules can be applied by admins as described in risk documentation. | |
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FIX Protocol Support FIX message standards for orders and confirmations. |
FIX protocol support for order entry and fills is a key offering (API and integration docs available). | |
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Custom Order Types Ability to define and use broker/dealer specific order parameters. |
Supports custom order types (ICE, OCO, synthetic order types, etc.) configurable per broker/dealer integration. | |
|
Order Expiry and Duration Supports a range of duration parameters (GTC, IOC, FOK, etc). |
TT supports GTC, Day, IOC, FOK and other expiry/duration parameters for orders. |
Smart Order Routing
(11 Yes /11 Known /13 Possible features)
|
Venue Connectivity Direct connectivity to multiple venues (exchanges, dark pools, MTFs, etc.). |
TT provides direct/exchange connectivity for multiple global venues, as listed on their website. | |
|
Smart Routing Algorithms Intelligent algorithms that split and route orders for optimal execution. |
Smart order routing algorithms and advanced execution logic are covered in TT documentation and marketing materials. | |
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Latency Measurement Average time taken from order entry to venue order placement. |
No information available | |
|
Venue Prioritization Ability to set routing preferences and priority for venues. |
Venue prioritization and customizable routing preferences available in order routing configuration. | |
|
Dynamic Routing Automatic adjustment of routing logic based on real-time market conditions. |
Dynamic routing and real-time adjustments supported by TT's SOR (Smart Order Router) features. | |
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Liquidity Seeking Actively searches for hidden and visible liquidity sources. |
Liquidity seeking algorithms included in TT’s advanced execution suite. | |
|
Order Fill Rate Percentage of orders filled as intended via routing logic. |
No information available | |
|
Internalization Support Routes flow to internal liquidity pools when available. |
Internalization is supported for brokers and liquidity providers integrating their pools (see SOR and internal venue documentation). | |
|
Cost-Based Routing Consideration of fees, rebates, and commission when routing orders. |
Cost-based routing factors like fees and commissions are configurable in SOR settings and algorithm parameters. | |
|
Order Routing Failover Automated rerouting to backup venues upon outage or rejection. |
Automated failover routing logic upon venue outage is part of TT SOR system resilience. | |
|
Transaction Cost Analysis (TCA) Integration Real-time feedback of anticipated routing impact on execution costs. |
Transaction Cost Analysis (TCA) integration available via TT Score and third-party analytic integrations. | |
|
Customizable Routing Rules Ability to define and update proprietary routing rules. |
Routing rules and strategies can be customized via graphical interfaces and APIs for TT SOR. | |
|
Market Impact Mitigation Algorithms designed to minimize price impact when routing large orders. |
Market impact mitigation strategies implemented via algorithm controls (TT Bracket, Sniper, etc.). |
Algorithmic Trading
(9 Yes /9 Known /11 Possible features)
|
Pre-Built Algorithm Support Availability of VWAP, TWAP, POV, IS, and other common execution strategies. |
VWAP, TWAP, POV, IS and other trade algo types included in TT standard and premium services. | |
|
Custom Algorithm Execution Ability to develop and deploy proprietary algorithms. |
Custom algo development and deployment supported with the TT Algo SDK. | |
|
Algorithm Parameterization Real-time tuning of algorithm factors (urgency, aggression, duration, etc.). |
Users can tune algo parameters in real time in the TT interface. | |
|
Real-Time Strategy Switching Switch between strategies mid-execution without order cancel/rebook. |
TT allows strategy switching mid-execution (e.g. roll from synthetic to native). | |
|
Execution Performance Metrics On-the-fly reporting of algorithm slippage, fill rates, and opportunity cost. |
Real-time reporting for strategy execution including fill rates and slippage available in analytics and execution panels. | |
|
Minimum Slice Size Smallest order size an algorithm can work with. |
No information available | |
|
Simulations and Replay Ability to test and backtest algorithms on historical data. |
TT’s simulator and historical backtesting tools support replay and what-if analysis. | |
|
Market Impact Modeling Engine for estimating real-time and forecasted impact of the execution. |
Market impact is modelled in TT platform and in available open source/3rd party plug-ins. | |
|
Real-Time PnL Tracking Live profit and loss calculations for working algorithmic orders. |
PnL tracking is available on the platform for all working and completed orders. | |
|
Support for Conditional/Triggered Orders Algorithms can be set to trigger based on specific market conditions. |
Conditional and triggered order types supported for algorithms (e.g. stop, If Touched, etc.). | |
|
Algorithm Flexibility Number of parameters that can be customized per algorithm. |
No information available |
Real-Time Data & Analytics
(10 Yes /10 Known /12 Possible features)
|
Level 1 & 2 Market Data Access to basic quote and order book depth across supported venues. |
Level 1 and Level 2 data from multiple venues available on TT. | |
|
Execution Quality Dashboards Visual dashboards of order fill quality, speed, and efficiency. |
Execution quality dashboards are provided in the TT analytics suite and web interface. | |
|
Customizable Analytics Widgets Build and manage custom analytics panels. |
Custom panel/widget layout and analytics dashboards available to users. | |
|
Real-Time Latency Tracking Tracks round-trip latency from order entry to fill confirmation. |
No information available | |
|
Slippage Analysis Computation of trading slippage for all trades and orders. |
Slippage reporting and analysis are included and visible throughout the TT execution and analytics dashboards. | |
|
Benchmark Comparison Compare executions to VWAP, TWAP, or custom benchmarks. |
Users can compare trade performance to VWAP and other benchmarks directly on the platform. | |
|
Alerting on Anomalies Real-time alerts on outlier fills, delays, or disconnections. |
Alerts on anomalies (delays, outliers, disconnections) supported via TT’s alerting/notification engine. | |
|
Market Impact Analysis Measurement and visualization of price impact by order. |
Market impact analysis and visualization tools exist for single and aggregated orders. | |
|
Historical Data Analytics Ability to analyze execution quality over user-defined periods. |
Historical analytics module included (TT Score and execution history dashboards). | |
|
Real-Time Data Refresh Rate How often data on dashboards updates. |
No information available | |
|
Custom Filter & Query Tools Advanced filtering and segmentation for analytics and reporting. |
Custom queries and filters are available within TT’s analytics and order management interface. | |
|
Export to External Tools Ability to export analytics/reports for use in other platforms. |
Export to Excel and other formats available from reports and order blotter. |
User Interface & Usability
(11 Yes /11 Known /12 Possible features)
|
Customizable Layouts Flexible dashboards, workspaces, and widget placements. |
Individual users can configure their own layouts, dashboards, and workspace setups. | |
|
Hotkeys/Keyboard Shortcuts User-configurable shortcuts for fast order entry and navigation. |
Hotkeys and keyboard shortcuts for fast entry and navigation are configurable. | |
|
Multi-Monitor Support Can be displayed and used efficiently on several monitors. |
The UI is designed for multi-monitor usage and is a standard feature for professional traders. | |
|
Dark/Light Mode Switch between UI color schemes to reduce eye strain. |
Users can select light or dark mode for UI (user preferences). | |
|
Drag-and-Drop Order Management Moving and modifying orders within the UI via drag-and-drop. |
Drag-and-drop functionality for managing and modifying orders is implemented in the trading screen. | |
|
Real-Time Updates Immediate reflection of all order and price changes in the UI. |
Order and market data updates are reflected immediately in the TT UI. | |
|
Personalized Watchlists Create and monitor lists of preferred instruments. |
Personalized watchlists can be created and saved, with filtering by product, exchange, etc. | |
|
Notifications & Alerts Popup, email, and desktop alerts for key events. |
Notifications and alerts are available (desktop, email, pop-up) for orders, fills, anomalies, etc. | |
|
Accessibility Features Support for assistive technologies and compliance with accessibility standards. |
No information available | |
|
Search and Filter Abilities Quickly locate orders, symbols, or market data. |
Search/filter capabilities are available for orders, products, and market data. | |
|
Language and Localization Support Support for multiple languages, date/time, and numbering formats. |
Supports English, Japanese, and other languages (see 'Language Support' in product FAQs). | |
|
User Preference Storage Ability to save and load UI/workspace preferences. |
User-level preferences, layouts, and workspaces can be stored to/between sessions. |
Integration & Connectivity
(11 Yes /11 Known /12 Possible features)
|
API Access Programmable APIs for system integration and automated workflows. |
Comprehensive API access for integration and automation is a highlighted TT feature. | |
|
FIX & Proprietary Protocols Supports standard (FIX, FAST) and custom protocols for electronic connectivity. |
Both FIX and proprietary protocols are supported for electronic connectivity. | |
|
OMS Integration Interoperability with common order management systems. |
Integration with many common OMS providers is established (see product integrations page). | |
|
Back Office Integration Seamless push/pull of data for post-trade and compliance reporting. |
Supports back-office and compliance integration with brokers and regulators. | |
|
Market Data Vendor Integration Interfacing with third-party real-time and reference data sources. |
Integration with major market data vendors (Bloomberg, Refinitiv, etc). | |
|
Third-Party Algo Support Plug-in or access execution algorithms from external providers. |
APIs and integration hooks allow use of third-party execution algos. | |
|
Trade Flow Throughput Maximum sustainable trade messages per second. |
No information available | |
|
Low Latency Connectivity Ultra-low latency network technology for high-speed trading. |
Platform is marketed as ultra-low latency, with deployment in co-location centers and direct venue connectivity. | |
|
Secure Connectivity Encryption and authentication for all external communications. |
TT employs secure connectivity, including encrypted comms and authentication, as standard security features. | |
|
Cloud/On-Premise Deployments System can be deployed both on client premises and in the cloud. |
Deployment options include both cloud (SaaS) and on-prem solutions. | |
|
Event Streaming Support Integration with event streaming platforms (Kafka, Pulsar, etc). |
Supports Kafka for event streaming and integration (see developer portal). | |
|
Data Import/Export Utilities Bulk upload/download of trades, historical data, and logs. |
Bulk trade/order import and data export tools available for admins and users. |
Risk Management & Compliance
(11 Yes /11 Known /11 Possible features)
|
Real-Time Risk Checks Order-level risk controls performed prior to submission. |
Risk checks (order-level and account-level) are enforced in real time before submission. | |
|
Credit & Margin Controls Portfolio and account-based checks for capital sufficiency. |
Credit/margin and portfolio risk checks are major institutional selling points. | |
|
User Entitlement Management Granular control over user permissions and roles. |
User permissioning is highly configurable with entitlements and role settings. | |
|
Automated Rule Enforcement Custom rules for market, client, or regulatory compliance. |
Automated rule-based enforcement for market/client/compliance available through TT risk management module. | |
|
Market Access Control Ability to restrict trading on certain markets or instruments. |
Market access controls/restrictions can be set per user, group, and instrument. | |
|
Outlier/Abnormal Activity Detection Detection and flagging of aberrant trading patterns. |
Outlier activity detection covered via TT Score surveillance and alert capabilities. | |
|
Surveillance and Audit Trails Comprehensive capture of user, order, and system events for audit. |
Audit trails and surveillance features are key regulatory/sell-side requirements, well-documented by TT. | |
|
Pre-Trade and Post-Trade Compliance Checks Integration of compliance rules at multiple lifecycle points. |
Pre-trade/post-trade compliance rules can be established in the platform. | |
|
Regulatory Reporting Automation STP generation and submission of transaction reports (MiFID II, CAT, etc). |
Regulatory reporting automation for MiFID, CAT, and others offered via TT compliance solutions. | |
|
Exception Handling Workflows Prioritize, review, and resolve non-standard risk or compliance events. |
Exception workflows for risk/compliance events are provided via the risk module and alerts. | |
|
Data Masking and Redaction Sensitive information automatically masked for unauthorized users. |
Platform supports masking/redaction of sensitive fields at the UI and API levels. |
Performance & Reliability
(7 Yes /7 Known /10 Possible features)
|
System Uptime Percentage system is available during scheduled trading hours. |
No information available | |
|
Failover and Disaster Recovery Automated recovery and switchover to backup systems. |
Automated recovery and failover processes detailed in TT’s business continuity documentation. | |
|
Horizontal Scalability Ability to scale out across multiple nodes or servers. |
TT Platform can scale across multiple nodes in cloud or dedicated infrastructure. | |
|
Order Processing Latency Time from order input to execution confirmation. |
No information available | |
|
Throughput Capacity Maximum sustained number of trades/orders per second. |
No information available | |
|
Automated Monitoring Health checks and real-time alerts for resource utilization and system errors. |
System health and resources are monitored automatically; real-time alerts generated for service issues. | |
|
Load Balancing Support Trade and order processing distributed to balance server load. |
Trade/order processing is balanced across infrastructure; described in system architecture docs. | |
|
Scheduled Maintenance Windows Ability to plan minor/major system updates with minimal trading impact. |
Routine maintenance windows are scheduled and communicated to clients. | |
|
Real-Time System Health Dashboards Immediate visibility into application/server status. |
Dashboards with real-time status of all platform and infrastructure components available to admins. | |
|
Automated Backup Processes Regular backup of configuration, logs, and order data. |
Regular system and configuration backups included in operational documentation. |
Security & Data Protection
(10 Yes /10 Known /10 Possible features)
|
Multi-Factor Authentication Supports MFA for all user logins. |
Multi-factor authentication support available for user login and access control. | |
|
Encryption at Rest and in Transit Data encrypted both in storage and during communication. |
End-to-end encryption for data at rest and in transit is specified in security documentation. | |
|
Role-Based Access Control User access enforced at role/group level. |
Role-based access control is a central design feature for large institutions. | |
|
Time-Based Session Lockouts Auto-logout after defined periods of inactivity. |
Session time-outs and auto-locks are configurable for compliance/security. | |
|
Audit Logging Immutable logs track all actions and changes. |
Audit logs are immutable and comprehensive, as required for regulatory compliance. | |
|
Data Loss Prevention Safeguards and controls to prevent unauthorized data exfiltration. |
Data loss prevention features are part of TT’s compliance and security posture. | |
|
Integration with Identity Providers Supports SSO and directory integration with corporate identity management. |
Integration with identity providers (SSO, LDAP/ActiveDirectory) supported per documentation. | |
|
IP Whitelisting and Network Restrictions Control over which IP addresses/networks can access platform. |
IP whitelisting and network restriction can be applied via admin settings. | |
|
Secure Credential Storage All user credentials are stored in encrypted format. |
All credentials stored with encryption according to industry best practices. | |
|
Penetration Testing & Vulnerability Scans System regularly scanned and tested for security weaknesses. |
Regular pen testing and security scans are required per TT compliance. |
Audit, Reporting & Record Keeping
(8 Yes /8 Known /10 Possible features)
|
Full Audit Trail Comprehensive logs of every user, order, and system event. |
Full audit trail reporting is available for all user/order/system events. | |
|
Automated End-of-Day Reporting Generation and delivery of trading, position, and exception reports. |
Automated end of day reports are available for position, trade, and exception data. | |
|
Custom Report Builder Tool for creating ad hoc reports using all available data fields. |
Ad hoc custom report builder present in trading and compliance toolkits. | |
|
Regulatory Reporting Templates Pre-built formats for MiFID, CAT, EMIR, Dodd-Frank, etc. |
Standard regulatory reporting templates for MiFID, Dodd-Frank, CAT and more are available. | |
|
Long-Term Archiving Retain all data/events in compliance with regulatory timeframes. |
Data retention policies and long-term archiving options documented for compliance. | |
|
Report Delivery Scheduling Automated email/dropbox/file transfer of scheduled reports. |
Scheduling for automatic report delivery and export is an available platform feature. | |
|
Custom Export Formats Output data in multiple formats (CSV, XML, JSON, PDF, etc.). |
Various data export formats are supported on downloads (CSV, XLS, XML, JSON, PDF). | |
|
Searchable Audit Logs Quickly find key events or actions in audit history. |
Audit logs are searchable by multiple keys in compliance and admin dashboards. | |
|
Data Retention Period Length of time records are stored and retrievable. |
No information available | |
|
On-Demand Report Generation Speed Average time to generate standard reports. |
No information available |
Support, Maintenance & Vendor Services
(10 Yes /10 Known /10 Possible features)
|
24/7 Technical Support Round-the-clock access to vendor's technical assistance. |
24/7 technical support offered worldwide for TT Platform clients. | |
|
On-Site Support Availability Ability to dispatch experts to client’s premises as needed. |
On-site support is available by vendor arrangement for institutional clients. | |
|
Help Desk & Ticketing System Online system for users to submit, track, and resolve issues. |
TT provides a robust help desk/ticketing/incident management system. | |
|
Comprehensive User Documentation Includes user manuals, technical references, and how-to guides. |
User guides, developer documentation, and how-to resources are included. | |
|
Training Programs Onboarding and ongoing training options for staff. |
Institutional onboarding and ongoing user training options are available. | |
|
Regular Feature Updates System improvements and patch releases on a regular schedule. |
Regular system and feature updates are published for the TT Platform. | |
|
Custom Development Services Vendor offers customizations specific to client requirements. |
Custom development and consulting services are offered to enterprise clients. | |
|
Service Level Agreements (SLAs) Guaranteed response and resolution times as per contract. |
Service-level agreement details provided in all institutional contracts. | |
|
User Community and Forums Access to peer forums, knowledge base, and best practices. |
User forums, knowledge base, and community engagement available online. | |
|
Change Management & Release Notes Notification and documentation of changes in new versions. |
TT provides change management notifications and detailed release notes at each upgrade. |
Statistical Arbitrage Platforms for Market Making/Proprietary Trading
Quantitative systems identifying and exploiting price discrepancies between related securities through mathematical models and high-speed execution.
More Statistical Arbitrage Platforms
More Market Making/Proprietary Trading ...
Core Trading Algorithms
(5 Yes /5 Known /10 Possible features)
|
Multi-Asset Support Ability to operate on equities, options, futures, FX, and other asset classes. |
TT Platform supports trading in multiple asset classes including equities, futures, options, and FX, as detailed on tradingtechnologies.com. | |
|
Mean Reversion Models Incorporation of mean reversion strategies in model library. |
No information available | |
|
Pairs and Basket Trading Support Allows formation and trading of pairs or baskets to exploit relative price movements. |
No information available | |
|
Cointegration Testing Built-in functions for statistical testing of cointegrated securities. |
No information available | |
|
Automated Signal Generation Automatic generation of buy/sell signals based on pre-set mathematical criteria. |
Platform offers automatic execution and supports algorithmic trading, which implies automated signal generation for buy/sell via algorithms. | |
|
Custom Model Implementation Ability to create and integrate custom mathematical/statistical models. |
TT Platform allows users to create custom algorithms and strategies using ADL (Algo Design Lab), confirming custom model implementation. | |
|
Alpha Factor Library Library of pre-built alphas for immediate deployment and testing. |
No information available | |
|
Backtesting Framework Integrated environment to test models on historical data. |
TT offers historical data backtesting for algorithmic and manual strategies. | |
|
Parameter Optimization Tools Automated tools for hyperparameter and meta-parameter optimization. |
No information available | |
|
Real-Time Portfolio Analytics Instant calculation of P&L, exposures, and risk metrics. |
The platform provides real-time analytics of P&L, exposures, and risk, per product documentation. |
Execution Infrastructure
(6 Yes /6 Known /10 Possible features)
|
Low Latency Order Routing Milliseconds or microseconds order delivery to the exchange or liquidity provider. |
No information available | |
|
Smart Order Routing Intelligent splitting and routing of orders for optimal fills across venues. |
Smart Order Routing is a core feature in TT, optimizing fills across liquidity venues. | |
|
Direct Market Access (DMA) Direct connectivity to exchanges for faster order processing. |
TT provides Direct Market Access (DMA) to exchanges and liquidity providers. | |
|
Colocation Support Physical operation near exchange data centers for minimal transmission times. |
Colocation services are available for latency-sensitive customers (see TT Low-Latency Hosting options). | |
|
Order Throttling Controls to manage and rate-limit outgoing order flow. |
No information available | |
|
Order Types Supported Diversity in supported order types: limit, market, IOC, FOK, pegged, etc. |
No information available | |
|
Transactional Resiliency Ability to recover from failed orders or system outages without loss. |
Transactional resiliency is supported through TT's redundant infrastructure and automated failover practices. | |
|
Trade Capacity Maximum number of trades per second platform can sustain. |
No information available | |
|
Atomic Order Management Ensures atomicity and consistency in order books and trade records. |
TT manages orders atomically, guaranteeing order/instruction consistency (see technical documentation). | |
|
FIX API Support Support for Financial Information eXchange (FIX) protocol for streamlined communication. |
FIX API is natively supported for both order entry and data communication. |
Data Integration & Management
(4 Yes /4 Known /10 Possible features)
|
Real-Time Market Data Feed Access to live ticker, order book, and trade data from exchanges. |
Real-time market data feeds are available for supported assets/exchanges. | |
|
Historical Tick Data Repository and retrieval tools for historical high-frequency data. |
TT provides access to historical tick data for backtesting and analytics. | |
|
Alternative Data Integration Support for third-party or alternative data sets (news, sentiment, etc.). |
Integration with market news and third-party data vendors is offered. | |
|
Low Latency Data Processing Processing delay for ingesting live data streams. |
No information available | |
|
Order Book Depth Storage Depth of market (DOM) levels that can be stored and analyzed. |
No information available | |
|
Reference Data Synchronization Automatic updates and reconciliations of reference/metadata. |
No information available | |
|
Corporate Actions Handling Automatic processing and adjustment for splits, dividends, etc. |
Corporate action adjustments for splits/dividends are available for supported asset classes per market data. | |
|
Data Quality Controls Built-in mechanisms for cleansing and validating incoming data. |
No information available | |
|
Data Latency Average time to access/use new market data. |
No information available | |
|
Time Synchronization Precision of time alignment across all system components. |
No information available |
Risk Management
(6 Yes /6 Known /10 Possible features)
|
Pre-Trade Risk Checks Verification of margins, limits, and compliance before trade execution. |
Pre-trade risk limits and compliance checks are major features of TT risk management suite. | |
|
Post-Trade Risk Analytics Computation and reporting of risk metrics after each transaction. |
Post-trade analytics, including risk and P&L, are standard in TT. | |
|
Position Limits Customizable maximum position exposure per security/portfolio. |
No information available | |
|
Real-Time VaR Calculation On-the-fly Value at Risk calculation based on current holdings. |
Real-time VaR and risk analytics tools are available in TT's risk module. | |
|
Stress Testing Simulated extreme scenarios to test platform resilience. |
Stress testing tools are available according to institutional platform documentation. | |
|
Order Size Controls Restrictions to maximum/minimum size of individual orders. |
No information available | |
|
Automated Kill Switches Automated halting of trading based on predefined risk metrics triggers. |
TT enables automated kill switches for risk (auto-halt on trigger). | |
|
Real-Time Exposure Monitoring Dynamic calculation of net/gross exposures by asset/market. |
Exposure monitoring is available in real time across portfolios and asset classes. | |
|
Credit Controls Limits on exposure to counterparties and trading venues. |
No information available | |
|
Intraday Margin Monitoring Continuous tracking of collateral requirements and intraday margin calls. |
No information available |
Strategy Development Environment
(3 Yes /3 Known /10 Possible features)
|
Integrated Development Environment (IDE) Built-in code editors, debugging tools, and version control for strategy development. |
No information available | |
|
Scripting Language Support Support for Python, C++, R, or proprietary scripting for model creation. |
TT Algos are developed in ADL with drag-and-drop and scripting (supports Python and proprietary scripting). | |
|
Simulated Trading Environment Ability to run strategies in a risk-free sandbox environment using live or historical data. |
Supports simulated trading (demo/sandbox environments) using both live and historical data. | |
|
Hot Swap Deployment Instant strategy deployment without bringing down the trading engine. |
No information available | |
|
Version Control Integration Tracking and roll-back of strategy code for audit and collaboration. |
No information available | |
|
Automated Regression Testing Automatic running of test cases for new model changes. |
No information available | |
|
Parameter Sweeping Tools Automated exploration of parameter spaces to optimize strategy performance. |
No information available | |
|
Logging and Diagnostics Detailed logs for debugging and analysis of strategy behavior. |
TT systems generate comprehensive logs for diagnostics and regulatory compliance. | |
|
Code Auditing Automated/static checks on strategy code for known issues or infractions. |
No information available | |
|
API for External Libraries Ability to integrate and call third-party mathematical/statistical libraries. |
No information available |
Portfolio and Position Management
(7 Yes /7 Known /10 Possible features)
|
Real-Time Position Tracking Up-to-the-millisecond updates on all open and closed positions. |
TT provides real-time updates on all position changes in portfolios. | |
|
Portfolio Rebalancing Automatic adjustment of positions to maintain target allocations. |
Portfolio rebalancing capabilities are available for execution algorithms. | |
|
Multi-Account Support Manage portfolios and strategies across several brokerage or proprietary accounts. |
User can manage multiple accounts/portfolios within the TT UI. | |
|
Intraday and End-of-Day Reports Customizable reporting on performance, P&L, and risk. |
TT offers configurable reporting including intraday and end-of-day. | |
|
Cash Management Tools Forecasting and allocation of capital across portfolios and strategies. |
No information available | |
|
Automated Reconciliation Automatic reconciling of internal books with clearing and prime brokers. |
No information available | |
|
Manual Trade Adjustments Facility for operators to manually adjust erroneous trades or positions. |
Operators can manually adjust trades and positions with appropriate permissions in TT. | |
|
Cross-Currency Portfolio Valuation Real-time valuation of international/multicurrency portfolios. |
Supports cross-currency portfolios, including real-time FX conversion and valuation. | |
|
Leverage Monitoring Track and WARN on portfolio leverage limits. |
No information available | |
|
P&L Attribution Breakdown of profit/loss by strategy, security, or risk factor. |
Advanced performance reporting with P&L attribution down to strategy/security level. |
Connectivity and API Integration
(6 Yes /6 Known /10 Possible features)
|
Broker API Support Direct interface for major broker API integration (IB, FIX, REST, Websocket, etc). |
TT integrates with several broker APIs, including FIX, REST, and Websockets. | |
|
Exchange Integration Native connectivity or adapters for all major exchanges. |
Native and adapter-based connectivity to major exchanges is a core offering. | |
|
Webhooks for Event Handling Outgoing notifications for key events/triggers via webhooks. |
No information available | |
|
Custom Plug-in Support Ability to extend platform via custom plug-ins or adapters. |
No information available | |
|
OMS/EMS Integration Seamless integration with Order/Execution Management Systems. |
TT integrates with third-party OMS/EMS via FIX and proprietary APIs. | |
|
Authentication & API Key Management Robust handling for secure external connection management. |
Authentication and API key management features exist for secure API connections. | |
|
API Rate Limits Monitoring Track and report on approach to broker/API rate limits. |
No information available | |
|
Automated Failover Automatic rerouting to backup connections on failure. |
High availability systems include automated failover to backup/alternate servers. | |
|
Streaming and REST Data Feed APIs Both streaming and request/response data feeds supported. |
REST and streaming data feeds are supported via TT's API suite. | |
|
Custom Order Routing Rules Ability to set up rules for choosing routing paths for orders based on flexible conditions. |
No information available |
Monitoring and Alerting
(9 Yes /9 Known /10 Possible features)
|
Real-Time Strategy Performance Dashboard Live display of key strategy KPIs, statistics, and charts. |
Live performance dashboards are part of TT's web and desktop offering. | |
|
System Health Monitoring Automatic tracking and reporting of component/system health. |
System health and uptime status is actively monitored with visual dashboards. | |
|
Custom Alert Thresholds User-defined triggers for alerts on performance, latency, or errors. |
No information available | |
|
Trade Execution Monitoring Live tracking and reporting on trades, fills, and order status. |
Trade status and order execution monitoring with real-time updates are standard in TT. | |
|
Latency Monitoring Tracking and alerting on order/data processing latencies. |
Latency and performance metrics, including alerts, are available in TT for monitoring. | |
|
Connectivity Alerts Instant notification for connection losses or route failures. |
Connectivity alerts for dropped connections, route failures, etc. are provided. | |
|
Audit Trail Logging Complete record of system and user actions/events for review. |
Full audit trail logging is part of TT's compliance and reporting suite. | |
|
External Alert Integrations Integration with SMS, email, Slack, or incident response tools. |
Integrations for email, SMS, and other incident tools available for alerts. | |
|
Operator Dashboard A dedicated real-time dashboard for NOC or ops team. |
Dedicated dashboards for trade operation/NOC teams available in TT. | |
|
Automated Remediation Actions Pre-defined automated actions on alert trigger (e.g., halt trading, rebalance, notify ops). |
TT can execute automated remediation (e.g., halt trading) on certain triggers. |
Compliance and Audit
(8 Yes /8 Known /10 Possible features)
|
Trade Surveillance Automatic monitoring for potential market abuse or manipulative practices. |
Trade surveillance and market manipulation monitoring tools are available in TT. | |
|
Audit Logging Immutable logs of all trading activity, user access, model changes. |
Immutable audit log of all trading and user events for compliance is included. | |
|
Regulatory Reporting Interfaces Automated export/formatting for MiFID, Dodd-Frank, CAT, or equivalent. |
TT supports regulatory interfaces (e.g. CAT, MiFID reporting) for compliance. | |
|
User Access Controls Granular roles/permissions for platform features and data. |
Role-based user access controls are supported for all core features. | |
|
Model Change Approval Workflow Formal process for reviewing and approving model changes before deployment. |
No information available | |
|
Data Retention Management Customizable policies and automation for record retention. |
Record retention and data management are configurable for regulatory compliance. | |
|
Real-Time Regulatory Rule Engines Real-time screening of trades and strategies against compliance checklists. |
TT provides real-time compliance and risk control engines. | |
|
Secure Data Storage Encryption and secure backup of all sensitive trade and user data. |
Secure data storage and transmission are documented by TT as standard. | |
|
Change Management Logs Full tracking of infrastructure and configuration changes. |
No information available | |
|
Broker/Exchange Certification Tracking Maintain records of compliance, certification, and operational status for all counterparties. |
Certification/compliance management for brokers/exchanges is part of TT's platform controls. |
Scalability and High-Availability
(7 Yes /7 Known /10 Possible features)
|
Horizontal Scalability Ability to add servers/instances to increase throughput/load. |
TT is cloud-native and horizontally scalable for throughput/load. | |
|
Load Balancing Support Distributes execution and data processing across multiple resources. |
Platform incorporates load balancing across infrastructure. | |
|
Clustered Failover Automatic failover to hot/warm backup system on fault. |
High-availability architecture includes hot/warm failover between clusters. | |
|
Disaster Recovery Geographically dispersed backup and restore procedures. |
Disaster recovery and backup protocols are described for business continuity in TT docs. | |
|
Uptime SLA Guaranteed percentage operational uptime. |
No information available | |
|
Peak Load Throughput Maximum platform capacity during periods of highest activity. |
No information available | |
|
Auto-Scaling Automatic scaling of resources based on trading volume or demand spikes. |
Auto-scaling is supported on TT infrastructure for demand spikes. | |
|
Stateless Microservices Architecture Services run independently, reducing points of failure. |
No information available | |
|
Database Replication Data redundancy and read/write resilience via live replication. |
Database replication is part of TT's architectural principles for fault tolerance. | |
|
Rolling Upgrade Capability System updates with no significant downtime or interruptions. |
Updates can be deployed with minimal or no downtime, indicating rolling upgrade support. |
User Interface & Reporting
(9 Yes /9 Known /10 Possible features)
|
Customizable Dashboards User-configurable displays of key metrics, performance, risk, and alerts. |
Dashboards are highly customizable in the UI. | |
|
Mobile Access Secure web or mobile app for on-the-go monitoring. |
Users can access platform reporting and trade management via mobile and web. | |
|
Real-Time Data Visualization Dynamic visualization of trades, order books, and statistics. |
TT UI provides real-time charts and data visualizations for orders and trades. | |
|
Private/Public Reporting Links Shareable reports with configurable access for stakeholders. |
Reports can be shared with configurable public/private links. | |
|
Exportable Reports PDF, Excel, or CSV export of all key trade/risk/performance reports. |
Reports are exportable in formats like CSV, PDF, Excel. | |
|
User Preferences and Themes Personalization options for interface layout, color schemes, etc. |
TT UI supports user preference profiles and themes. | |
|
Advanced Charting Tools Integration of professional charting and technical analysis libraries. |
Advanced charting tools and technical analysis are included in the TT platform. | |
|
Role-Based Views Different interfaces and permissions based on the user profile. |
Role-based interface customizes views and permissions. | |
|
Language/Localization Support for multilingual and regional settings. |
Localization options, including language and region, are supported. | |
|
Accessibility Compliance Adherence to accessibility standards (WCAG, Section 508, etc.). |
No information available |
High-Frequency Trading Infrastructure for Market Making/Proprietary Trading
Ultra-low latency hardware and software combinations designed for executing large numbers of orders at extremely high speeds with minimal delay.
More High-Frequency Trading Infrastructure
More Market Making/Proprietary Trading ...
Network and Communication
(9 Yes /9 Known /13 Possible features)
|
Deterministic Latency The predictability and consistency of message delivery times across the network. |
No information available | |
|
Direct Market Access (DMA) Enables direct access to market books and order routing, bypassing intermediaries. |
TT advertises direct market access to major exchanges as a core value proposition. | |
|
Co-location Availability Ability to physically place systems close to exchange servers to minimize transmission delays. |
TT offers co-location and proximity hosting services for minimal latency trading. | |
|
Bandwidth Capacity Maximum data transfer rate supported by the network infrastructure. |
No information available | |
|
Multiple Connectivity Options Support for various connectivity types (fiber, wireless, microwave, etc.) for redundancy and performance. |
TT documentation features fiber, wireless, and cross-connect options for connectivity. | |
|
Redundant Network Paths Presence of multiple simultaneous network routes to prevent single points of failure. |
TT network FAQ notes redundant architecture in POPs and network core. | |
|
Low-Jitter Transport Minimization of latency variation across messages. |
No information available | |
|
Packet Loss Mitigation Mechanisms in place to reduce or handle network packet loss. |
References to redundancy and high-availability design imply packet loss mitigation. | |
|
Time Synchronization Protocols Use of PTP/NTP or similar protocols for synchronization with exchange clocks. |
PTP/NTP synchronization is supported for exchange connectivity, as per technical docs. | |
|
Exchange Certified Connectivity Compliance with exchange-mandated network standards for direct trading access. |
TT emphasizes exchange-certified, exchange-compliant connectivity in marketing materials. | |
|
Network Monitoring Real-time analytics and alerts for network performance anomalies. |
TT offers robust network monitoring tools (web console and APIs). | |
|
Multicast Data Feeds Support for high-throughput market data dissemination via multicast. |
TT supports multicast feeds to users for market data. | |
|
API Latency Monitoring Measurement and alerts for transaction latency at the API layer. |
No information available |
Order Execution and Routing
(10 Yes /10 Known /12 Possible features)
|
Sub-millisecond Order Processing Ability to receive, process, and respond to orders in under 1 ms. |
Algorithmic/HFT materials point to sub-millisecond order entry and response on the TT platform. | |
|
Smart Order Routing (SOR) Dynamic routing algorithms to find best prices/liquidity across venues. |
TT provides SOR and advanced routing logic in their execution tools. | |
|
Order Throttling System's capability to regulate or limit order frequency. |
Order throttling/rate limiting is present as a compliance and risk safeguard. | |
|
Order Acknowledgement Latency Time from order submission to broker/exchange acknowledgement. |
No information available | |
|
Bulk Order Management Can handle high volumes of simultaneous orders/updates. |
Bulk order import, modification, and cancellation are clearly documented in user workflows. | |
|
Pre-trade Risk Controls Ability to run risk checks before order transmission. |
TT’s FIX and native protocols offer full pre-trade risk management. | |
|
Order Sequencing Management Ensures order of events is preserved even under high load. |
Order sequencing management and unique identifiers preserve order integrity even at scale. | |
|
Exchange-Specific Protocol Support Compatibility with various exchange APIs and protocols. |
TT supports multiple exchange-specific APIs and connectivity (FIX, native, proprietary). | |
|
Automated Order Cancellation Automatic cancellation of stale or inactive orders. |
Stale order detection and automated cancellation are described in risk and compliance features. | |
|
Advanced Order Types Support for complex order types (iceberg, peg, etc.). |
TT Platform includes advanced order types such as iceberg, reserve, and algorithmic orders. | |
|
Order Placement Capacity The maximum number of orders executable per second. |
No information available | |
|
Customizable Latency Alerts User-configurable alerts for order execution delays. |
TT allows users to set custom alerts for order/execution latency via the UI and API. |
Market Data Capture and Processing
(8 Yes /8 Known /12 Possible features)
|
Direct Feed Integration Direct access to raw exchange data feeds without intermediaries. |
TT provides direct/raw exchange data feed access (‘TT Direct Market Data’ offering). | |
|
Tick-to-Trade Latency Elapsed time from data receipt to actionable decision/trade. |
No information available | |
|
Data Normalization Ability to convert multiple data formats into a unified schema. |
TT normalizes data from disparate venues into a unified internal format. | |
|
Market Replay Capability Playback of historic data for strategy testing/troubleshooting. |
Market replay for backtesting and compliance is part of TT’s analytics suite. | |
|
Snapshotted Order Books Quick capturing and retrieval of full order book states. |
Order book snapshotting is available for analytics and compliance audits. | |
|
Multithreaded Data Processing Utilization of multiple CPU cores for data throughput. |
Documentation and architecture visuals show TT is fully multithreaded for data and order processing. | |
|
Feed Handler Latency Time taken to decode/process incoming market data. |
No information available | |
|
Multicast/Broadcast Support Support for both multicast and broadcast data delivery. |
TT supports both multicast and broadcast delivery, per network architecture whitepapers. | |
|
Gap Detection and Recovery Automated recognition and recovery from missing data packets. |
Automated gap detection and recovery for data integrity are described in technical resources. | |
|
Incremental Update Handling Efficient handling of incremental vs. full market updates. |
Incremental book updates supported in market data documentation. | |
|
Timestamp Precision Granularity of attached timestamps. |
No information available | |
|
Depth of Book Support Number of order book levels handled. |
No information available |
Hardware Optimization
(1 Yes /1 Known /12 Possible features)
|
FPGA Acceleration Support for using field programmable gate arrays for ultra-fast data processing and order handling. |
No information available | |
|
Kernel Bypass Technologies Usage of technologies (e.g., Solarflare/OpenOnload, DPDK) for OS-bypass networking. |
No information available | |
|
Custom NICs (Network Interface Cards) Availability of programmable or ultra-low latency network cards. |
No information available | |
|
CPU Affinity Controls Binding critical processes to specific CPU cores for consistency. |
No information available | |
|
Real-Time Operating System Support Ability to run on real-time or low-latency tuned OS distributions. |
No information available | |
|
Hardware Timestamping Timestamping at the NIC or hardware level for enhanced precision. |
No information available | |
|
Core Clock Speed Measured processor speed for latency-sensitive tasks. |
No information available | |
|
Thermal Management Features to monitor and control system temperatures under load. |
No information available | |
|
DRAM Latency Memory access time measured for system RAM. |
No information available | |
|
PCIe Bandwidth The speed of communication between RAM, CPU, and peripherals. |
No information available | |
|
Server Redundancy Parallel hardware servers for fault-tolerance. |
Service architecture includes redundancy in core systems and disaster recovery. | |
|
Hot-swappable Components Support Ability to replace components without system downtime. |
No information available |
System Software and Operating Environment
(8 Yes /8 Known /11 Possible features)
|
Low-Overhead OS Configuration Availability of OS options tuned to minimize process and networking latency. |
No information available | |
|
Real-time Scheduling Policies Support for high-priority, deadline-based thread scheduling. |
No information available | |
|
Bare Metal/Containerization Support Deployment on dedicated hardware or via lightweight containerization. |
TT is offered on self-hosted (bare metal), cloud, and hybrid/containerized environments. | |
|
Automated Failover Ability to automatically recover from software/hardware failure. |
Failover features and auto-recovery are highlighted for high-availability deployments. | |
|
Configurable Logging Detailed and granular event logging for troubleshooting. |
Extensive logging and configuration tools are referenced in TT admin documentation. | |
|
Scriptable APIs for Automation APIs that allow workflow automation and scripting. |
APIs are scriptable for workflow automation — see TT REST/FIX APIs documentation. | |
|
Zero-Downtime Upgrades Ability to patch/upgrade systems without trading downtime. |
Rolling patch and blue/green deployment strategy supports zero downtime upgrades in cloud. | |
|
Health Check Integrations Exposes endpoints or events for real-time health monitoring. |
Health check API endpoints are part of managed platform features. | |
|
Secure Boot and Image Signing Integrity/authenticity mechanisms for system images. |
No information available | |
|
Remote Management Tools Secure remote configuration, monitoring, and management. |
Web admin and REST tools allow secure remote management and configuration. | |
|
Rolling Restart Capability Software/services can be restarted piecewise to maintain uptime. |
Rolling restart for components and services is present per cloud hosting architecture notes. |
Security and Compliance
(9 Yes /9 Known /11 Possible features)
|
Role-Based Access Control (RBAC) Fine-grained user and permission management. |
RBAC is described in the TT user and admin documentation with user/role granularity. | |
|
Full Audit Trail Complete traceability of all transactions and system changes. |
Audit log configuration and exhaustive event logs are provided for compliance. | |
|
TLS/SSL Data Encryption End-to-end encryption of data-in-motion. |
End-to-end encryption (TLS/SSL) in transit is enforced for all TT communications. | |
|
DDoS Protection Defenses against distributed denial-of-service attacks. |
TT offers DDoS mitigation and network security controls for hosted/cloud deployments. | |
|
Intrusion Detection System (IDS) Automated monitoring for suspicious/anomalous activity. |
Monitoring includes detection of anomalous activity — references to IDS and alerts. | |
|
Regulatory Compliance Modules Built-in tools for compliance reporting (MiFID II, SEC, etc.). |
MiFID II, CFTC, and SEC compliance reporting tools are listed as built-in capabilities. | |
|
API Security (Keys, Rate Limiting) Management and limiting access to API endpoints. |
API keys, scoped permissions, and rate limiting are supported for all API endpoints. | |
|
Data Encryption at Rest Disk-level or DB encryption for stored sensitive data. |
Marketed as supporting full encryption of sensitive data at rest (DB and file level). | |
|
Incident Response Automation Automated workflows for responding to security incidents. |
No information available | |
|
Physical Security Controls Safeguards for hardware access in data centers. |
No information available | |
|
Regular Security Audits Routine penetration and configuration audits. |
Vendor describes regular system audits, security penetration tests, and third-party reviews. |
Risk Management and Controls
(9 Yes /9 Known /10 Possible features)
|
Real-time Margin Calculations Continuous assessment of portfolio and per-trade margin requirements. |
Real-time margin checks are built-in for futures/options and for institutional clients. | |
|
Fat Finger Protection Prevents manual or automated orders outside typical thresholds. |
Fat finger protection and validation logic is referenced in order validation and compliance docs. | |
|
Position Limit Enforcement Automated checks and blocks exceeding maximum positions. |
Position limits and enforcement controls are configurable and support exchange-imposed maximums. | |
|
Market and Credit Risk Checks Real-time exposure and credit checks on all trades. |
Real-time credit/risk controls are standard in TT's institutional risk management features. | |
|
Customizable Risk Rules Ability to define and apply user-specific risk parameters. |
TT Risk allows custom risk rule definition and enforcement. | |
|
Pre/Post Trade Risk Engine Latency Latency for execution of risk checks. |
No information available | |
|
Alerting for Breach of Limits Alerts for first or full breach of pre-set limits. |
Alerting for breaches of various compliance, credit, and position limits is built-in. | |
|
Intraday Risk Reporting Ongoing reporting of aggregated risk exposures. |
TT provides intraday and end-of-day risk reporting and visualization. | |
|
Automated Trading Halt Mechanisms Automatic suspension of trading on significant risk event. |
Automated circuit breaker/trading halt logic offered for risk events. | |
|
Stress Testing Capabilities Integrated tools for scenario-based risk testing. |
Stress test and scenario risk tools are part of TT’s analytics/risk product line. |
Strategy Development and Backtesting
(9 Yes /9 Known /10 Possible features)
|
Algorithmic Strategy SDKs Software development kits/frameworks for rapid algo creation. |
SDKs in C++, Python, and TT’s own ADL (Algo Design Lab) are available. | |
|
In-memory Backtesting Engine Ultra-fast, RAM-based simulation of trading strategies using historical/live data. |
In-memory backtesting capability exists within TT’s simulation environment. | |
|
Replay of Production Data Testing with exact production environment data. |
Replay of production data for strategy development and compliance investigations is supported. | |
|
Paper Trading Mode Testing strategies in live conditions without real money risk. |
TT includes paper trading environments for safe live market simulation. | |
|
Low-latency Model Deployment Deploy strategies to production with minimal impact on latency. |
Model deployments are designed for minimal added latency (low-latency deployment emphasized). | |
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Parallel Simulation Runs Simultaneously test multiple strategy variations. |
Supports parallel simulation runs for optimization and robustness testing. | |
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Strategy Parameter Optimization Automated parameter sweeps for optimization. |
Parameter space exploration and bulk testing features are available via SDK and UI. | |
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Real-time P&L Tracking Instantaneous reporting of simulated and actual performance. |
Instantaneous simulated and actual P&L tracking is present in dashboards and APIs. | |
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Simulation Throughput Number of trades or days simulated per second. |
No information available | |
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Custom Analytics/Reporting Built-in or configurable post-simulation analytics. |
Reporting suite includes configurable analytics and report generation after simulation. |
Monitoring and Analytics
(8 Yes /8 Known /10 Possible features)
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Real-time Performance Dashboard Live metrics across all system layers. |
TT Dashboard surfaces real-time performance and health metrics system-wide. | |
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Latency Heatmaps Visual displays of latency across multiple paths/systems. |
No information available | |
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Custom Alerting Rules User-configurable alert triggers on any monitored metric. |
Custom alerting for monitored metrics is included in TT Score and risk modules. | |
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Historic Metrics Retention Time span that detailed monitoring data is stored. |
No information available | |
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Business/Trading Analytics Profitability, order fill rates, and loss events tracked and reported. |
Business/trading analytics such as fills, losses, and P&L available via TT Score and reporting tools. | |
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Automated SLA Violation Alerts Automatic notification when system operation metrics exceed contractual bounds. |
TT supports SLA monitoring and automated alerts for breach via admin console. | |
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End-to-End Transaction Tracing Ability to trace order/message journey through all system components. |
End-to-end transaction tracing for every order/event is detailed in audit/compliance materials. | |
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API Usage Metrics Detailed analytics of API calls/response rates and failures. |
API usage analytics and call rate/failure monitoring are described in admin UI/API. | |
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Application Log Aggregation Centralized collection of logs for easy query. |
TT aggregates and retains logs centrally for support and compliance. | |
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Anomaly Detection Automatic flagging of outlying system or trading behaviors. |
Anomaly detection is included within TT Score Behavioral Analytics. |
Integration and Extensibility
(9 Yes /9 Known /10 Possible features)
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Plug-and-play API Integrations Easy connection to market data, exchange, and third-party service APIs. |
APIs for market data, order routing, and external integrations are 'plug-and-play', with pre-authored connectors. | |
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Event-driven Architecture Support Support for workflow based on events/messages between components. |
TT supports event-driven workflows for custom execution and analytics. | |
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Module-based Extensibility Ability to extend platform functionality via modules/plugins. |
Platform supports extensibility through drop-in modules and plugins (e.g., ADL blocks, custom algos). | |
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Supported Programming Languages Languages available for algorithm or integration development. |
No information available | |
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Third-party Library Support Capability to leverage external/lib community software. |
TT allows integration of third-party libraries in user-customized algorithms and risk modules. | |
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Custom Hook/Callback APIs Enabling users to add custom logic at key execution points. |
API and SDK have hooks for user-defined execution and lifecycle callbacks. | |
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Cross-Exchange Support Trade and manage strategies on multiple exchanges/venues. |
TT enables multi-venue execution and integrated management in a single terminal. | |
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Open Standards Adoption Use of open, well-documented interface/protocol standards. |
TT APIs use FIX and other open, standardized protocols. | |
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Data Export/Import Capabilities Import/export tools for strategies, logs, and analytics. |
Export/import of algos, logs, and reports is available through console and API. | |
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Cloud Integration Support Compatibility with public and private cloud services. |
Cloud, hybrid, and on-premise integrations supported (AWS, Azure, private cloud, etc.). |
Maintenance, Support, and Vendor Services
(8 Yes /8 Known /10 Possible features)
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24/7 Vendor Support Availability of vendor technical help round the clock. |
TT provides 24/7 customer and technical support globally. | |
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Onsite Field Engineering Ability to dispatch engineers to key trading floors or data centers. |
Onsite support is a premium service offered for large/global clients. | |
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Hotfix and Patch SLA Guaranteed issue resolution/patch time frame. |
No information available | |
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Training and Certification Programs Offerings to upskill client teams on the technology. |
TT Academy and certification programs are available for clients. | |
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Consulting for Performance Tuning Vendor-supplied best-practices assessment and optimization. |
Consulting services for clients include performance tuning and readiness assessments. | |
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Documentation Quality Availability and clarity of technical/user documentation. |
Comprehensive online and user documentation is available for all TT modules. | |
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Bug/Feature Request Tracking Direct interface to request and track product changes. |
Feature/bug tracking for client requests is available via web portal. | |
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Community/Forum Access Access to peer support and user community. |
TT supports user forums as well as peer and vendor community engagement. | |
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Custom SLA Options Bespoke service level agreements beyond default contract. |
Custom SLA agreements are available for enterprise and institutional customers. | |
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Release Frequency How often the product is updated with new features/fixes. |
No information available |
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