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Trading Technologies invests $6.35 million in KRM22 with Keith Todd in the middle

Rick Steves

Keith Todd CBE is the Executive Chairman of KRM22 and is now CEO at Trading Technologies

Trading Technologies has invested $6.35 million in KRM22, a regtech firm specialized in risk management for capital markets, as the provider of professional trading software, infrastructure and data solutions, looks to expand after being acquired by 7RIDGE in late December.

TT has also entered into a distribution agreement to market and distribute KRM22 risk management products, the first stage of cooperation between TT and KRM22.

TT CEO Keith Todd led KRM22 for years

7RIDGE, the growth equity firm founded by ex-Deutsche Boerse CEO Carsten Kengeter, completed the acquisition of Trading Technologies in late December and appointed Keith Todd as chief executive.

Keith Todd is a tech industry veteran who, since 1975, played key roles in the future of technology. First, as CFO of GEC Marconi, he then moved to CEO of International Computers Limited in 1987.

He was awarded the title of CBE (Commander of the British Empire) in 2004 for his role in the telecommunications industry and led publicly listed and large multi-nationals to start-up businesses, including being Executive Chairman and CEO of KRM22.

KRM22 is a fast-growing regtech specialized in risk management. The firm has recently onboarded trading platform Capital.com, which was looking for a sound market surveillance solution.

KRM22 was founded to help capital market companies reduce the cost and complexity of risk management. The Global Risk Platform addresses firms’ market, compliance, operations, and technology risk challenges and their entire enterprise risk profile.

KRM22 helps firms optimize risk management systems and processes, improve profitability and expand opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 Market Surveillance helps financial services firms monitor their business and manage regulatory obligations with cloud hosted real-time processing, an extensive alerts library, and integration with leading market data providers.

FinanceFeeds webinar: Expert panel to discuss market data for multi-asset brokerages  

 

TT to distribute KRM22 products

The distribution agreement with Trading Technologies will have KRM22 products leveraging TT’s Software-as-a-Service (SaaS) platform ecosystem and significantly expand the firm’s risk management offering.
The initial integrated risk service offering is anticipated to address pre-trade risk and will be available for TT clients to use in March, with details to be announced.

Keith Todd, Chief Executive Officer of Trading Technologies, said: “The broadening of TT’s risk management capabilities is an important step in the firm’s evolution to providing more comprehensive trade execution services. The ease of integration into the robust TT SaaS platform ensures that time to market will be short. This is the first of many third-party services to leverage the TT platform ecosystem to access and add value to the global TT customer base in the months and years ahead.”

Guy Scott, Chief Revenue Officer at Trading Technologies, added: “Our customers are increasingly looking for TT to help improve their end-to-end trading ecosystem, including risk services, across all execution platforms – not only TT. This arrangement with KRM22 accelerates our ability to meet this demand.”

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