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.

Read this next

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

<