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RCM-X Execution Algorithms Now on TT Platform

Traders Magazine Online News, June 5, 2018

John D'Antona Jr.

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, and RCM-X, a provider of trading technology and risk management services for the professional trading and investment management space, announced the availability of RCM-X’s full suite of next-generation automated execution algorithms on Trading Technologies’ TT trading platform.

TT users now have access to seven different RCM-X algorithmic strategies including TWAP, VWAP, IS (Implementation Shortfall), POV, CLOSE, SCALEPOV and ICEBERG for advanced trade optimization and execution. Algorithm parameters, such as exceeding percentage of volume, maximum participation and passive price level, are accessible directly from the TT screen, allowing traders to adjust algorithms on the fly.

“We’re pleased to add RCM-X algorithms to our extensive offering of algorithmic trading tools for professional traders, which currently includes ADL®, TT Algo SDK and TT Order Types,” said Guy Scott, Managing Director, Sales Americas at Trading Technologies. “TT users can now leverage RCM-X’s trading strategies, developed by experienced traders across various asset classes, for reduced market impact and increased execution quality.”

RCM-X algorithms are available for many liquid outright futures markets as well as exchange-listed calendar spreads. Additionally, RCM-X can deliver custom client-specific algorithms through the TT platform for users who require specific execution algorithm parameters.

“Bringing automated execution algos to the TT platform is the next step for RCM-X to reach a new community of professional traders. We are very excited to work with TT to help traders reduce slippage, increase performance, and keep up with challenges of modern day trading by utilizing RCM-X’s proprietary software that has market microstructure awareness,” said RCM-X’s Managing Partner Joe Signorelli.

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