IMC acquires Rotterdam’s Altas Technologies to revolutionise technology-driven future of trading
Summary
Global market maker IMC announced on Tuesday, July 25, that it has acquired Rotterdam-based Altas Technologies, a technology and data-driven trading firm. The value of the acquisition has not been disclosed. With this strategic move, IMC aims to empower Altas Technologies to expand its capabilities into new markets and asset classes by leveraging IMC’s expertise and cutting-edge technology in market-making. “Rooted firmly in our strategic vision, this acquisition accelerates our investments in large-scale data, machine learning and AI, in support of our leading market-making strategies. We will enable further growth for Altas by combining their technological capabilities with our execution and scaling capabilities,” says IMC chief trading officer Michiel Knoers.