Trading Technologies International, Inc., commonly known as TT, has announced it will provide day-one connectivity to the MIAX Futures Exchange's new matching engine, MIAX Futures Onyx, through its advanced trading platform. This announcement, made on March 6, 2025, signals significant developments for traders interested in both established and new futures options, particularly the flagship Minneapolis Hard Red Spring Wheat (Minneapolis HRSW) futures.
TT's decision to support trading on MIAX Futures Onyx aligns with its strategic goals and its commitment to enhancing trading capabilities for clients globally. The Onyx platform is set to launch in the second quarter of 2025, and TT will also facilitate the trading of the new Bloomberg 500 Index futures anticipated to debut later in the year, pending necessary approvals from the Commodity Futures Trading Commission (CFTC).
Alun Green, TT's Executive Vice President and Managing Director of Futures & Options, expressed enthusiasm about the new platform. “Our clients arekeenly interested in trading futures on MIAX Futures' new Onyx trading platform, so we're delighted to... have ready access on the first day of trading,” he stated, emphasizing the integration of TT's leading execution tools. He also highlighted the importance of features such as the Autospreader® and execution algos which will streamline the transition for professional traders.
Thomas P. Gallagher, the Chairman and Chief Executive Officer of Miami International Holdings, Inc., which oversees MIAX Futures, echoed this sentiment. "Our collaboration with TT is an important initiative... ensuring uninterrupted access to Minneapolis HRSW futures and new B500 futures expected to launch in H2 2025," Gallagher said, reflecting confidence in the partnership's ability to address client needs.
The newly forged agreement is not only timely but is also seen as pivotal for ensuring clients can trade without disruption as markets evolve. TT's platform handled over 2.8 billion transactions last year and uniquely connects to more than 100 global exchanges, emphasizing its leading position within the financial tech sector. It serves various market participants, including leading sell-side institutions, buy-side firms, and exchanges.
On another note, as TT expands its offerings, the firm is also undergoing significant changes within its leadership. Justin Llewellyn-Jones is set to take over as CEO on March 31, 2025, succeeding Keith Todd, who will transition to the role of Deputy Chairman of the Board. This leadership change is positioned within the broader framework of TT's growth strategy as it continues to innovate and adapt to market demands.
For those engaged with trading traditional futures, this partnership and subsequent technological integration signify more than just new connecting pathways; it marks the evolution of trading practices meeting modern technological capabilities head-on.
Understanding the demands of today's markets, TT aims to facilitate seamless trade executions and rich trading experiences. The firm's Software-as-a-Service (SaaS) business model not only enhances trading across various asset classes but also increases market efficiencies.
Overall, Trading Technologies’ proactive steps—to integrate MIAX Futures Onyx and launch new products—serve as both opportunity and commitment to its global clientele. It demonstrates how collaborative ventures can amplify market accessibility and maximize trading potential for futures and beyond.