Trading Technologies adds post-trade capabilities from ATEO Finance

Rick Steves

The solution combines the TT OMS with ATEO’s post-trade capabilities to quality trade execution and trade allocation services.

Trading Technologies, the trading software provider owned by 7Ridge, has entered into a strategic partnership with post-trade specialist ATEO Finance to deliver a fully integrated, comprehensive post-trade allocation service for sell-side banks, brokers, and futures commission merchants (FCMs).

The solution offers trade execution and trade allocation services and will see both parties working closely on product enhancements and developments as part of a multi-year relationship.

FIX-based allocation using matching rules, algos, and routing logic

Fully integrated with TT’s leading order management system (OMS) and global market access platform, the new service supports a wide range of both file-based and FIX-based allocation instructions using matching rules, algorithms, and routing logic, built by TT and ATEO.

Sell-side customers will benefit from eamless post-trade allocations across a wide range of allocation scenarios, including average price, best fit near average and client-calculated average price.

The service delivers allocation details to the institution’s middle office and post-trade processing systems, with client allocation confirmations delivered via FIX, email or PDF exports.

Available through a single licensing, commercial and support agreement with TT

Keith Todd, Chief Executive Officer at Trading Technologies, said: “We are thrilled to partner with ATEO, which has years of valuable expertise in middle office operations and a product that is proven with a broad range of brokers and banks today. With the increasing adoption of TT’s platform among sell-side banks, we sought to bring a comprehensive, market-leading offering to our customers. In partnering with ATEO, we have further enhanced our OMS, and when combined with the full TT suite of products and services, we can offer an unmatched value proposition. Customers will also benefit from a service that is fully hosted by TT and made available through a single licensing, commercial and support agreement with TT.”

Laurent Courbin, Chief Executive Officer at ATEO Finance, said: “We are extremely pleased that ATEO’s solutions will now be available through the TT platform. This agreement brings together two industry veterans who established ourselves as market leaders and innovators in our respective space over the past 20+ years. Combining the TT OMS with ATEO’s post-trade capabilities delivers a best-in-class suite of products. We are proud to work with TT to complement its offering. Customers can now benefit from our dedicated expertise while leveraging an extended pool of resources, knowledge and services.”

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