Germany's Deutsche Bank has acquired a global license for Chicago-based Trading Technologies (TT) front-end dealing technology which it will distribute to its traders and customers.
Peter McLady, head of futures at Deutsche Bank, says the bank has decided to offer the TT system in response to growing demand from clients such as hedge funds for access to global electronic markets.
The platform provides connectivity to primary derivatives exchanges and offers access to multiple products and multiple markets from a single screen.
TT, which has been involved in a raft of patent infringement lawsuits over the past year to protect its screen display technology, estimates that over 50% of electronic volume on the world's top four futures markets goes through its X_Trader order entry platform.