Trading Technologies acquires ATEO as part of push into post-trade

Acquisitions

▤ Summary

The deal builds on an existing strategic partnership announced by the pair in late 2022 and is designed to deliver a post-trade allocation service to the sell-side. Trading Technologies confirmed that the ATEO post-trade allocation engine is fully integrated into the TT order management system (OMS). “We’ve enjoyed an outstanding working relationship with the ATEO team since we embarked on our partnership in 2022, and we came to the conclusion that we can create an even stronger value proposition and end-to-end offering by bringing the entire firm and all software modules into the TT family of offerings,” said Trading Technologies CEO Keith Todd in a statement. “ATEO has both highly respected technology and established trusted relationships with a wide range of leading banks, brokerage firms, trading houses and professional traders. The total addressable market for middle-office clearing solutions is at least $100 million, with plenty of room for growth in market share.” Trading Technologies has made several acquisitions in recent years in a bid to grow inorganically and expand into new business lines.

▥ Classifications

industries
Fintech & Banking
applications
E-Commerce & Retail

◇ AskAI Classifications

Labels
Financial Technology Trading Software Capital Markets Software

▦ Linked Companies