uTrade Solutions clients can now access CME, LME, and over 60 other venues globally served via Object Trading, in addition to uTrade’s native access to India’s NSE, BSE, MCX, and NCDEX; the Moscow Exchange; and emerging and frontier markets including ALTX, CASE, and Seed CX.
Object Trading has integrated with uTrade, an independent trading screen vendor. The first client is going live this month using uTrade’s screen and Object Trading’s direct market access. Through this partnership, uTrade clients get access to 60+ markets connected to the Object Trading DMA Platform.
uTrade is a comprehensive multi-asset trading platform for equities, futures, options, commodities, FX, CFDs, interest rate swap futures, etc. uTrade’s platform includes web, mobile and desktop trading front ends, along with risk management and global market access. It provides features like analytics, charting, depth scalper, spreads trading, GTC order types, detailed reporting etc. It includes native access to India’s NSE, BSE, MCX, and NCDEX; the Moscow Exchange; and emerging and frontier markets including ALTX, CASE, and Seed CX as well as several other venues.
Any firm already using uTrade for trading emerging and frontier markets, that wants to get exposure to US and European markets, can now add them without making any changes to their API.
Why is this important?
Trading firms from emerging markets often want access to the relatively stable US and European markets as well. Likewise, US & European investors starved for returns, as well as liquidity providers expanding their market making programs, often look to opportunities in emerging markets. Successful trading strategies require access to incumbent and emerging markets from a single platform.
What’s Object Trading doing about it?
We’ve integrated our DMA Platform with uTrade and have completed the first deployment. The first live client is trading with uTrade’s screen, accessing global venues via the Object Trading DMA platform’s single, normalised interface.
What do we need to do?
If you’re trading emerging and frontier markets on uTrade, and are interested in getting access to CME, LME and other incumbent markets with the same uTrade screen, contact us. If you’re already on Object Trading’s DMA Platform, we can get you connected quickly, using the same API you’re already using. If you’re not currently on our DMA platform, you can access these as well as 60+ other global markets via our direct market access platform, supporting market data, order entry and pre-trade risk constraints, using the same normalised interface for every venue.
What else do I need to know?
The exchange landscape is constantly shifting with a steady stream of upgrades, migrations, and product launches. Our team is continually updating the DMA Platform to accommodate exchange upgrades and updates as they occur – but these updates do not affect the API through which clients connect. So your IT teams won’t have to worry about monitoring exchange updates or updating your trading systems to conform.
In addition to adding all these new emerging markets through our partnership with uTrade, we also recently announced our conformance to a massive upgrade to the SGX Titan derivatives trading platform. We also recently completed conformance for direct connection to BM&FBOVESPA. We provided direct market access to CurveGlobal from day one of trading, we were the first vendor to conform to the ASX 24 New Trading Platform (NTP), and we were ready to support our clients when LME moved its primary live production system to the Interxion London Campus Data Centre. Earlier this year, we also rolled out lower latency direct connectivity to the CME’s Market Segment Gateways (MSGW).