Trading Technologies International, Inc. (TT) has created a new division called TT FX and chosen Tomo Tokuyama to run it. This team will work in the international financial field to provide technology solutions.
The company hired Tomo Tokuyama, a seasoned FX trader, to lead their new venture. He has a long history of trading in both the buy side and sell side of FX, having most recently been the Head of Trading at a multi-billion dollar quantitative fund manager.
Tokuyama is expanding its business with the launch of its new FX product line. The company acquired AxeTrading, a leading fixed-income trading solutions provider, in March as part of this expansion. Tokuyama is hiring experts in FX products and technologies, connecting to major ECNs and liquidity providers, and providing FX trading capabilities to customers through TT’s execution management system.
TT FX is expected to start being used in late 2023. To begin with, clients will be able to purchase spot FX from various ECNs. In 2024, the selection will become more diverse as banks will be able to provide liquidity and additional products like forwards, NDFs, and swaps will be added.
TT CEO, Keith Todd, said:
We have more than 6,000 buy-side users alone on the TT platform – including hedge funds, CTAs, proprietary traders and commodity trading firms – who already trade a huge amount of FX on other systems and platforms. Following many months of outreach and research with our clients, we’ve heard significant positive feedback and strong demand to consolidate this activity on TT’s EMS.
TT FX will leverage the unparalleled global distribution capabilities of our platform, the award-winning functionality of our EMS and the widest possible choice of liquidity providers to deliver a truly best-in-class solution. We are delighted to have Tomo on board to lead this initiative for TT. He brings a wealth of knowledge and expertise in this space from both the sell-side and buy-side perspectives.
Tokuyama said:
I have long believed that technology will continue to advance and shape the future of FX trading through greater focus on automation and data. I’m pleased to join a firm that not only shares that view but listens carefully to clients to deliver innovative tools and access to markets that traders and firms actually want. FX is in high demand by TT clients, and I’m excited about the opportunity to further shape the FX strategy and deliver a product that TT clients will be proud to use.
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