Analysis

    Trading Technologies Adds Kalshi: Wall Street's Execution Backbone Enters Prediction Markets

    Trading Technologies, the platform used by Tier 1 banks and hedge funds, announces Kalshi connectivity. What it means for institutional access to prediction markets.

    By Prediction Markets US Analysis DeskWednesday, June 17, 20267 min read
    Trading Technologies Adds Kalshi: Wall Street's Execution Backbone Enters Prediction Markets

    When Trading Technologies adds a new exchange to its platform, institutions follow. That is how it works in professional derivatives trading — the TT platform is where banks, hedge funds, commodity trading advisors, and money managers place their trades, and when a new market gets TT connectivity, it gains access to thousands of professional accounts that were simply not reachable before.

    On Wednesday, June 17, 2026, Trading Technologies International, Inc. (TT) announced that it will support trade execution across U.S.-regulated prediction markets, starting with Kalshi. Trading on Kalshi is expected to go live on the TT® platform in Q3 2026. The announcement follows TT's exclusive Exchange Spotlight events — held in Chicago and New York — where sell-side and buy-side leaders explored prediction market developments alongside representatives from Cboe, ElectronX, GFO-X, Kalshi, MIAX, and Rothera.

    This is the clearest institutional infrastructure endorsement prediction markets have received.

    What Trading Technologies Is — and Why This Matters

    Trading Technologies is not a household name to retail traders, but it is foundational infrastructure for professional ones. The company serves banks, brokerages, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers, and risk managers. Its platform handles futures and options execution, fixed income, FX, and crypto, augmented by algorithmic trading tools, transaction cost analysis (TCA), compliance, trade surveillance, and clearing.

    Put simply: TT is the execution layer that institutions already trust for commodity derivatives. When TT adds Kalshi, those institutions do not need to build new infrastructure or open new brokerage accounts. They route prediction market trades the same way they route CME futures.

    "TT is a powerful brand in the derivatives market and will accelerate the integration of Kalshi with many of the world's leading institutions," said Andy Ross, Head of Institutional at Kalshi. "It's another big step forward for Kalshi as it puts in place the essential infrastructure for being the next-generation derivatives exchange."

    Alun Green, TT's EVP and Managing Director of Futures and Options, confirmed the demand exists: "Over the past several months, we've seen increased institutional demand among our clients for these growing markets, with a clear desire to ensure that they can employ the same advanced trading functionality they leverage in other asset classes. Soon, clients will be able to enjoy the full breadth of trade execution and algorithmic trading tools available on the TT platform through access to Kalshi as the first of many regulated prediction markets to come."

    Note the phrase: "the first of many regulated prediction markets to come." TT's announcement explicitly signals that Kalshi is a starting point, not the endpoint.

    The Institutional Momentum Behind This Deal

    The TT announcement does not exist in a vacuum. It lands on the same day the New York Times published a DealBook investigation into the institutional pivot that prediction markets are undergoing — reporting that Kalshi processed $17.9 billion in trading volume in May 2026 alone, raised $1 billion at a $22 billion valuation (double its December appraisal), and has grown institutional trading volume 800 percent since November, according to Kalshi spokeswoman Elisabeth Diana.

    "I think there's a new Wall Street being formed," Tarek Mansour, Kalshi's founder and CEO, told the Times.

    That claim is now backed by receipts. Susquehanna International Group, the giant quantitative trading firm, became Kalshi's first official market maker in 2024. Jeremy Maletz, Susquehanna's head of macro trading and prediction markets, described prediction markets as potentially "one of the largest businesses" to emerge from the sector.

    Will Hall, founder and CEO of Game Point Capital, told the Times that his firm now arranges millions of dollars in hedges through Kalshi — noting the platform is "often cheaper and more flexible to arrange" than traditional derivative structures.

    These are not retail bettors. These are professional financial firms deploying capital into a new asset class, and they needed the same execution rails they use everywhere else. TT is those rails.

    What the Kalshi–TT Integration Unlocks

    For institutional traders, the TT integration means:

    Algorithmic access. TT's platform supports the full suite of algo trading tools that professional shops depend on. Prediction markets, historically traded by hand or through basic APIs, will now be reachable via the same automated execution strategies used in commodity pits.

    Cross-asset workflow. An institution hedging weather-contract risk through NOAA futures and economic-event risk through Kalshi contracts can now manage both positions on the same TT dashboard. Prediction market P&L rolls into the same risk systems as the rest of the book.

    Compliance and surveillance. TT's compliance and trade surveillance modules are built for regulated markets. Kalshi's CFTC status means institutions trading there face reporting and surveillance requirements that TT already handles for other asset classes.

    Clearing and post-trade. TT's clearing and post-trade allocation tools extend to Kalshi, removing the manual reconciliation step that has deterred institutional back offices.

    The Q3 2026 go-live target positions this as live before the NFL season opens — which is critical given that sports contracts represent an estimated 70–80 percent of prediction market volume.

    Margin, Perps, and the Infrastructure Expansion

    One reason institutional interest has spiked is Kalshi's June 2026 launch of perpetual futures contracts — the platform's first product that allows margin. Traditional prediction market contracts require posting the full value of a position; perps change that, enabling institutions to control larger positions with less upfront capital.

    "The infrastructure that we built for perpetuals will enable a significant expansion of what institutions can hedge on Kalshi," Andy Ross told the Times.

    The TT partnership and the perps launch are two parts of the same institutional build-out. TT gives institutions the execution interface. Perps give them the capital efficiency. Together, they make Kalshi's market microstructure look increasingly like a traditional derivatives exchange — which is, of course, exactly what Kalshi claims to be.

    The Broader Prediction Market Infrastructure Race

    Prediction market platforms are racing to institutionalize. TT joining Kalshi's ecosystem follows a pattern:

    • Susquehanna signed on as Kalshi's first official market maker in 2024
    • Kalshi's first block trade closed in April 2026 (Greenlight Commodities × Jump Trading; carbon auction contracts)
    • FalconX × Polymarket completed the first institutional block trade on Polymarket in June 2026, with FalconX committing as a dedicated market maker
    • TT now adding Kalshi connectivity via its Q3 2026 rollout

    The pattern is clear: the institutional infrastructure layer is being built in real time, with each deal filling another gap. TT's role is execution infrastructure — the piece that connects institutional capital to the order book at scale.

    The TT announcement also referenced prior Exchange Spotlight events featuring Cboe — the options exchange giant that has run its own exploratory work around event contracts. Whether Cboe is a future TT-connected prediction market or simply a conference participant remains unclear, but the combination of participants (Cboe, ElectronX, GFO-X, MIAX, Rothera) suggests TT is positioning itself as a multi-market prediction market hub, not just a Kalshi integration.

    US Access: What Retail and Institutional Traders Need to Know

    Kalshi operates as a CFTC-regulated Designated Contract Market (DCM). US users can access Kalshi directly at kalshi.com — no crypto wallet required, standard bank transfers and debit cards accepted.

    The TT platform integration is targeted at institutional clients — firms that already have TT subscriptions and want to route Kalshi trades through their existing workflows. Retail traders are not the primary audience for TT, but they benefit indirectly from institutional participation: more institutional liquidity means tighter spreads and deeper order books on the contracts they trade.

    Sources & Verification

    Frequently Asked Questions

    What is Trading Technologies? Trading Technologies International (TT) is a global capital markets platform used by banks, hedge funds, commodity trading advisors, and other professional trading firms. It handles execution across futures, options, fixed income, FX, and crypto markets. Kalshi will be among the first prediction markets accessible through TT, targeting Q3 2026.

    When does TT-Kalshi trading go live? Trading on Kalshi is expected to go live on the TT platform in Q3 2026, according to the June 17, 2026 press release from Trading Technologies.

    Can retail traders use TT to trade Kalshi? TT is an institutional platform. Retail traders can access Kalshi directly at kalshi.com without TT. The TT integration is designed for professional firms — banks, hedge funds, and CTAs — that want to trade prediction markets through their existing execution infrastructure.

    What is Kalshi's current valuation? Kalshi raised $1 billion at a $22 billion valuation — double its December 2025 appraisal — according to the New York Times DealBook report published June 17, 2026.

    Does TT plan to add other prediction markets? Yes. TT's announcement described Kalshi as "the first of many regulated prediction markets to come," explicitly signaling a multi-market strategy for the TT platform.

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