Trading Technologies has announced that Bowmoor Capital and SummerHaven Investment Management adopted the TT Futures TCA platform to support execution quality and enhance algorithmic strategies in futures markets across Europe and the United States.
Bowmoor Capital, a London-based global macro advisory firm, and Connecticut-headquartered SummerHaven, a commodity-focused asset manager, selected the TT Futures TCA platform to assess trade efficiency and meet execution obligations for their clients. Both firms integrated the tool to refine their internal models using high-resolution, anonymized microsecond-level trade data.
“Unprecedented level of granularity on the wealth of futures trading data”
Peter Weiler, EVP Managing Director, Data & Analytics at Trading Technologies, commented, “We’re offering clients an unprecedented level of granularity on the wealth of futures trading data that’s aggregated and anonymized by TT. It’s great to see Bowmoor and SummerHaven applying these important analytical tools to their highly sophisticated trading and algo strategies, as well as to report to their clients how they are keeping costs low to maximize their returns.”
TT Futures TCA was launched in 2024 as part of Trading Technologies’ growing Data & Analytics division. The tool builds upon the firm’s acquisition of Abel Noser Solutions and enables institutional clients to evaluate transaction costs in listed derivatives with a degree of precision typically associated with equity markets.
Bowmoor Capital CEO Richard Liddle said, “We are honored to strengthen our longstanding relationship with Trading Technologies through this exciting new partnership. This collaboration marks a significant milestone in our commitment to innovation, leveraging advanced technology to enhance execution capabilities through the TT Futures TCA tools while driving the growth of our fund. We look forward to the transformative impact this project will have on our operations and the broader trading landscape.”
SummerHaven Co-Founder and Managing Partner Kurt Nelson added, “We immediately saw the value of TT Futures TCA when the TT team demonstrated it. This is a valuable tool in our quest to achieve best execution for our clients, and this has traditionally been much harder to verify in futures than in equities.”
TT Futures TCA to provide futures pre-trade cost estimates
TT Futures TCA offers customizable metrics and depth-of-market analysis, supporting participants in optimizing trade decisions and evaluating market impact. A new feature, set for release in the second quarter, will provide futures pre-trade cost estimates. These forecasts are derived from empirical data based on trader behavior under similar market conditions.
This announcement follows the recent launch of TT Broker Scorecard, a monthly ranking of equity brokers by execution quality, which is also based on Abel Noser’s aggregated trade data. The scorecard, currently focused on equities, will soon expand to include futures.
Trading Technologies provides capital markets infrastructure for a global client base that includes banks, hedge funds, CTAs, and proprietary traders. Its multi-asset SaaS platform supports execution, risk, surveillance, post-trade services, and advanced analytics across futures, options, fixed income, FX, and crypto markets.
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