Trading Technologies acquires algo execution specialist RCM-X

Rick Steves

“This is a perfect fit for us, and it will bring tremendous benefits to our clients and growth to TT.”

Trading Technologies has acquired algo execution specialist RCM-X as the first since TT was acquired by 7RIDGE in December 2021.

TT is on a quest to grow organically and through acquisitions. The firm has recently invested in KRM22 and is about two launch two risk management products developed by the regtech firm.

RCM-X designs, tests, and develops algorithmic execution strategies with its proprietary high-performance technology stack.

Besides the broad range of algo execution strategies, the firm also provides comprehensive trade analytics and independent transaction cost analysis (TCA) solutions, as well as back-testing and simulation services.

RCM-X works with clients to create bespoke algorithmic strategies or fully automated solutions tailored to their trading objectives.

RCM-X products to be made available to every TT user

Keith Todd, Chief Executive Officer of TT, said: “We are moving full speed ahead on our strategic plan, and with this acquisition, have already further expanded the TT trading platform capability within the first three months of 2022.

“This acquisition of RCM-X, with its outstanding team, best-in-class execution tools and superior performance, reflects our commitment to continually broadening our offering. Not only will we make the full suite of popular RCM-X products available to every TT user, but access will be seamless as we fully integrate the service into the TT platform.”

Joe Signorelli, Chief Executive Officer at RCM-X, said: “We’re extremely proud of what we’ve built and accomplished over the years and excited to bring our unique product suite, innovative technology and talented staff to an entirely new level as part of Trading Technologies.

“TT is deeply embedded in the culture and daily operations of so many firms, and its market access across the globe aligns optimally with both our current footprint as well as the growth of our execution algo business and software distribution. TT clients will soon be able to use and provide their own customers with a breadth of advanced execution algorithms, comprehensive trade analytics and independent TCA services from the TT platform they use every day.”

RCM-X was founded in 2017 by Joe Signorelli in order to cater to the growing demand for institutional execution algorithms in the futures markets. The growing quantitative approach to trading needed a solid research and development platform.

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