Trading Technologies has announced a major upgrade to Autospreader, its spread execution tool. The company has overhauled its software, deployed it on co-located servers in data centers around the world, and implemented "cutting-edge networking hardware" to decrease latency times by 70%, according to a company spokeswoman.
For customers keen to get the fastest execution, TT offers the option of using a custom-built solution deployed on dedicated infrastructure. This new service, called TT Prime, combines order routing and spread logic into a single process to dramatically reduce latency. TT estimates that the "requote" latency for a trader using TT Prime for spread trading on CME Group is just 24 milliseconds, compared to 250 milliseconds for its older X_Trader product.