Trading Technologies and CloudQuant announce strategic partnership

Karthik Subramanian

Trading Technologies, one of the largest providers of professional trading software and CloudQuant, a permier vendor of alternative data (Altdata), have announced a partnership for creation of a new business unit.

This unit would look to providing data advisory services and Altdata for the clients of Trading Technologies. This partnership is expected to further bolster the data offering of the company and thus enhance the services provided to their users.

Trading is a highly competitive industry where the participants keep looking for each and every advantage that they can eke out, however small it might be. It is this edge that could determine the difference between a win or a loss and that is why we see that innovation continues to keep happening on the technology side as far as the trading industry is concerned.

One of the key aspects of trading is data analysis where it is required that huge chunks of trading data are digested, presented and understood in a way to provide its users the edge that they need. This is where specialised data services like what CloudQuant provides come into the picture and prove useful for trading platforms.

“Through this partnership, we will leverage CloudQuant’s best-in-class expertise to continue transforming TT into a
real-time data powerhouse. Together, we have the opportunity to deliver alternative data that can help our clients
uniquely identify trading and investment opportunities and understand market color,” said Tim Geannopulos,
Chairman & CEO at Trading Technologies.

Trading Technologies provides professional-grade trading platforms and data solutions for proprietary traders, hedge funds, risk managers, etc. It also provides technology for cryptocurrency trading and machine-learning tools for trade surveillance.

“We are excited to be selected by Trading Technologies to advise on unleashing the potential of data via our AltData
expertise, services and distribution fabric. This initiative will be transformational for TT and their customers and
demonstrate the continuing leadership of TT in the FinTech segment,” said J. Morgan Slade, CEO at CloudQuant.

CloudQuant provides simple, frictionless access to trading data for researchers and data scientists and they also employ artificial intelligence to read through countless datasets to provide their clients with data intelligence and analytics services. This partnership would be looked forward to by both the companies to see how the users of Trading Technologies would use this data and analytics to better their trading performance.

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