Investment bank UBS has signed a global software licensing agreement for Trading Technologies' order entry software, X_Trader, which it will roll out to its internal trading desks and customers in the Americas, Europe and Asia.
Chicago-based TT says UBS will utilise its hosting ASP service, TTNET, to deploy X_Trader across the three regions.
The hosted service accelerates customer access to international futures markets and increases trading platform stability through data centres situated in strategic locations close to the various exchanges, says the vendor.
Commenting on the deal, Bill Templer, UBS global co-head of exchange traded derivatives, says: "As part of our core technology suite, distributing Trading Technologies software through TT's hosting solution will help enable us to meet the technological needs of our institutional and hedge fund clients."