Credit Suisse's prime services unit has entered into a global software licensing agreement with Trading Technologies International (TT), a supplier of trading systems to the derivatives industry. Under the deal, Credit Suisse will make available TT's X-Trader order-entry software to its commodity hedge fund customers and internal trading desks in the Americas, Europe and Asia.
The agreement, announced earlier this month at the Futures Industry Association's annual conference in Boca Raton, Fla., will allow Credit Suisse to meet increased demand for professional futures trading software from buy-side firms and other high-volume derivatives traders, say the companies. In addition to X-Trader, Credit Suisse clients will have access to TT's FIX connectivity and exchange gateways. The firm will also utilize TT's hosting solution, TTNet, to distribute X-Trader.
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