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Chicago-based trading software provider, Trading Technologies International, Inc. (TT), is set to acquire ATEO SAS, a developer of post-trade solutions for listed derivatives. The deal is expected to close by the end of February and aims to expand TT’s portfolio with clearing and middle-office technologies and services.

“As we continue to grow into new asset classes and significantly broaden our appeal to the buy side, we have been steadily fortifying our leadership team – as well as subject matter experts within each of our newly aligned business lines – with seasoned professionals to ensure we have all the building blocks in place to achieve our ambitious goals.”

“We intend to introduce the tools into the listed derivatives space through our vast client base, build on Abel Noser’s FX TCA capabilities as we roll out our new TT FX initiative and offer the firm’s clients the full breadth of TT services available.”

“Our alliance with Bantix is the latest strategic partnership we’ve forged with a best-in-breed provider of technology that improves our clients’ trading experience, allowing us to enhance the TT ecosystem with battle-tested tools that would have taken years to develop ourselves.”

The new Trading Technologies chief executive is a CBE, meaning Commander of the Order of the British Empire. He was awarded the title in 2004 for services to the Telecommunications Industry, particularly for driving the Broadband agenda. 

Trading Technologies, one of the leading professional trading software providers, announced that the company has agreed to be acquired by the growth equity firm 7RIDGE that specializes in transformative technologies.