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TT Strategy Engine

Server-Side Execution Solutions

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Ultra-low-latency for high-frequency and automated traders

Capitalize on high-performance proximity-based computing and execution. The TT Strategy Engine family of server-side execution solutions delivers sub-millisecond performance whether the exchange is across the street or around the world. React to market data events and fills in microseconds and gain a real edge over your competition.

Available Products

Algo Strategy Engine
Algo Strategy Engine (Algo SE), in conjunction with TT’s award-winning ADL® (Algo Design Lab), presents a revolutionary approach for deploying simple to complex algorithms without complicated programming. Algo SE is based on TT’s Strategy Engine technology, offering high performance with world-class reliability. TT’s ADL and Algo SE let you bring your strategies to market quickly, and execute those strategies with sub-millisecond performance on dozens of exchanges worldwide.

Autospreader® Strategy Engine
TT’s Autospreader Strategy Engine (Autospreader SE) integrates seamlessly with X_TRADER® with zero learning curve for experienced Autospreader users. You can trade synthetic spreads based on implied price, fixed income convention with fractions, net change, ratio and yield. Autospreader SE facilitates ultra-low-latency spread trading on geographically distant exchange platforms.

Synthetic Strategy Engine
The Synthetic Strategy Engine (Synthetic SE) enables users to create customized synthetic orders based on a wide variety of underlying synthetic order types, including icebergs, slicers, machine guns, trailing stops and limits. With Synthetic SE, traders define and reuse custom synthetic orders from X_TRADER, with both outright and synthetic order book sharing.

Highlights

Eliminate geographic latency
Geographic distance puts even the fastest trading systems at a measurable disadvantage over locally-hosted applications. TT’s Strategy Engine servers are designed to level the geographic playing field, allowing remote traders to compete effectively without being disadvantaged by their location. Now you can simultaneously trade Europe, the Americas, Asia and Australia – all with microsecond-level performance from a single trader workstation.

Scalable server platform
TT’s innovative multithreaded server design allows the Strategy Engine products to handle hundreds to thousands of concurrent strategies, all with blistering performance and unrivaled stability.

Bandwidth managed and unfiltered data – the best of both worlds (TTNET™ customers)
An ever-growing problem in high-frequency trading is managing the vast amount of market data produced by electronic markets. TT’s Strategy Engine products are designed to execute against the exchange’s full, unfiltered market data, meaning your strategy can monitor and respond to every single quote or trade that occurs in any trading session. At the same time, intelligent filtering provides bandwidth-managed market data to the trader’s workstation. This means that traders can execute their strategies in high-volume markets without missing a single tick, while the bandwidth required to support their local workstations is optimally managed, avoiding expensive high-capacity data circuits to the trader’s desktop.

Hosted or deployed – the choice is yours
You can elect to use the TTNET™ global hosting service, with data centers located in major financial centers worldwide and supported 24 x 7 by expert TT operations staff. Or you can choose to deploy and maintain your own physical network and infrastructure. In either case, you enjoy the benefits of TT’s world-class proximity servers and high-performance trading software. The choice is yours.

Algo Strategy Engine

Network Diagram
The network diagram illustrates how data flows in a network with an Algo SE Server.

Implement high-performance algorithms without writing a line of code
Algo Strategy Engine (Algo SE), in conjunction with TT’s award-winning ADL™ (Algo Design Lab), presents a revolutionary approach for deploying simple to complex algorithms without complicated programming. Algo SE is based on TT’s Strategy Engine technology, offering high performance with world-class reliability. TT’s ADL and Algo SE let you bring your strategies to market quickly, and execute those strategies with sub-millisecond performance on dozens of exchanges worldwide.

Simple and fast algorithm deployment
Algo SE puts an end to complicated code deployment issues. Users with appropriate permissions can deploy algorithms to the Algo SE server of their choice in seconds, whether that server is across town or around the world. Traders can deploy algorithms strictly for their own use, or share them with one or more users without assistance from trading systems administrators or operations staff. Algorithm deployment and updating has never been faster or easier, because with Algo SE, a trader can deploy to a desired market in seconds with only a few simple commands.

High-performance algorithms coupled with TT functionality
Your ADL algorithms execute in microseconds on Algo SE, while the powerful TT platform works behind the scenes to control position limits, P&L and self-crossing. Monitor your algorithmic trading using the power and features of TT’s award-winning X_TRADER® desktop, while you trade algorithmically with the reliability and control you’ve come to expect from TT.

Multi-threaded, concurrent architecture
The Algo SE sixty-four bit architecture is based on the highly scalable, multi-threaded design of the TT Strategy Engine family. This means that your algorithms can respond to market prices and fills in small fractions of a millisecond, while hundreds of algorithms are running concurrently. Whether you trade a single strategy in a single market, or hundreds in dozens of markets, Algo SE ensures you capitalize on the superior technology and performance of TT’s sixty-four bit proximity servers.

Autospreader® Strategy Engine

The figure illustrates a environment that allows Autospreader SE to retrieve non-coalesced prices from a TT Gateway Server Farm that provides non-coalesced prices.

Define. Submit. Fill. – Faster with proximity spread trading
TT’s Autospreader is the industry-leading application for defining, managing and executing synthetic spreads on a single market or across multiple exchanges. The Autospreader Strategy Engine (Autospreader SE) combines Autospreader’s spread trading flexibility with ultra-low latency proximity execution, resulting in superior performance and minimal slippage.

No learning curve
Autospreader SE is based on TT’s industry-leading Autospreader spread trading application. Users who are already familiar with the intuitive desktop Autospreader require no additional training to use Autospreader SE. The familiar Autospreader user interface drives Autospreader SE without the need for new commands or tools. Autospreader SE uses existing Autospreader spread configurations without modification, which allows you to go from desktop to server-based trading in a single step, with zero additional training or support.

Multi-threaded, concurrent architecture
Autospreader SE is built on the highly scalable, multi-threaded architecture of the TT’s Strategy Engine family. This means synthetic spreads are launched, quoted and filled in small fractions of a millisecond. Whether you trade a local market or an exchange on the other side of the world, Autospreader SE ensures you capitalize on the superior technology and performance of TT’s high-performance proximity servers.

Shared synthetic order book
Users can share synthetic order books on the TT platform, meaning that multiple users can view, re-price and cancel shared synthetic spread orders as easily as exchange-traded contracts. Whether you are part of a brokerage team or proprietary trading desk, synthetic order sharing on TT’s platform means better visibility, collaboration and support among traders and brokers.

Optimized multi-leg hedging
Autospreader SE employs TT’s latest hedge order algorithms for multi-leg synthetic spread orders. This means that spreads comprised of three or more legs leverage TT’s most advanced multi-leg hedging logic to improve synthetic spread trades. In addition, synthetic spread fills provided by the TT platform accurately reflect the true realized price of all synthetic trades.

Synthetic Strategy Engine

The network diagram illustrates how data flows in a network with a Synthetic SE Server.

Custom synthetic orders with consistency, proximity and flexibility
Trading global markets has never been easier. But as new exchange matching engines and products emerge, a host of exchange-specific order types complicates the ability to trade consistently across venues. A new order type introduced on an exchange in Asia may have no functional equivalent in America. With TT’s Synthetic Strategy Engine (Synthetic SE), simple to complex synthetic order types can be defined and applied consistently across exchanges worldwide. And the Strategy Engine architecture ensures that synthetic orders are worked and filled with microsecond timing and accuracy.

Trade consistently
TT’s Synthetic SE allows you to create customized synthetic orders and apply them consistently across exchanges. For example, you can define a stop limit which, when triggered, becomes a volume-slicing order that sends randomized disclosed quantities based on traded volume thresholds. This custom order can be saved as a template in X_TRADER® and applied consistently to any market supported by TT.

Wide range of order types and parameters
Synthetic SE provides a range of base synthetic orders, including Timed, Stop, If Touched, Trailing Limit, Trailing Stop, Machine Gun/Market On Open, Iceberg, Volume Sliced and Time Sliced orders. Each base order type has multiple parameters associated with it, enabling you to further customize behaviors such as half life, disclosed quantity randomization, end time and absolute/relative trigger and order price values. Behaviors can be combined as well. For example, an if touched order can be configured to morph into a time sliced order when the trigger condition is met in the market.

Multi-threaded, concurrent architecture
Synthetic SE is built on the highly scalable, multi-threaded architecture of TT’s Strategy Engine family. This means synthetic orders are quoted and filled in small fractions of a millisecond. Whether you trade a local market or an exchange on the other side of the world, Synthetic SE ensures you capitalize on the superior technology and performance of TT’s high-performance proximity servers

Shared synthetic order book
Users can share synthetic order books on the TT platform, allowing multiple users to view, re-price and cancel shared synthetic orders as easily as exchange-traded contracts. Whether you are part of a brokerage team or proprietary trading desk, synthetic order sharing through TT means better visibility, collaboration and support among traders and brokers.

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