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Trading Technologies International, Inc. (TT), is a leading global provider of derivatives trading software and execution solutions for professional traders. Headquartered in Chicago, the capital city of the global futures markets, Trading Technologies employs hundreds of people in their offices worldwide, including in New York, Stamford, Houston, São Paulo, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. Trading Technologies distributes its software and solutions to end users through more than 100 firms, including 19 of the top 20 U.S. futures brokers, and are proud to have the world's premier investment banks, brokers, Futures Commission Merchants (FCMs), hedge funds, proprietary trading firms and other trading institutions as customers. Nearly 15,000 products are tradable across numerous product types via TT's platform - including futures, options on futures, fixed income products, and cleared and OTC energies.
Since 1994, Trading Technologies International, Inc. (TT) has been at the forefront of electronic trading and is one of the most successful futures trading software and solutions companies in the world. With operations in 11 offices across 9 different countries, Trading Technologies has experienced positive growth over the past 10 years and continues to expand its global footprint.
In 2010, Trading Technologies identified their disparate legacy business systems as impediments to sustained performance. Executives decided to lead the company into a period of transformation that would align the company’s people, processes, and technology investments more closely together, globally, to achieve more efficient and effective processes, and to gain information insight advantages.
“It became apparent that our old IT platform did not have the functional capability, scalability, or data visibility we needed to maintain aggressive, profitable growth for the company,” notes Roger Mills, Executive Vice President of Finance at Trading Technologies. “We were dealing with multiple systems that were not integrated across global entities. Many processes were being done in spreadsheets, including corporate consolidation. And we lacked the ability to perform robust analytics and reporting on real-time data, which slowed down corporate decision making.”
Trading Technologies recognized the need for a single, enterprise-wide business management system designed to manage the complexities of a global organization by consolidating and standardizing processes and providing visibility across the enterprise. Executives also prioritized the need for a comprehensive, real-time view of the entire organization for financial reporting and quicker, more informed decision making.
“On our old platform, information was very basic and not deep. When you wanted to do any analytics, every question or request turned into a ‘mini project’. And sometimes they were not so ‘mini’,” comments Mills. “We had a real need to streamline many of our processes (with an emphasis on automating as much as possible) and bring more information to our fingertips.”
Trading Technologies began their ERP search that year in an effort to adopt a scalable and supportable business system that would enable high growth and global expansion. After evaluating multiple ERP packages and software vendors, the company chose Microsoft Dynamics AX over Oracle because the underlying Microsoft technology would fit with their existing systems, be more familiar to use, easier to deploy, and less costly to sustain and manage. Furthermore, with Merit Solutions leading the implementation project, TT executives knew they had a trusted partner who could deliver both their ERP and process transformation projects.
Continue Reading: Trading Technologies' Microsoft Dynamics AX Case Study