TT completes acquisition of TCA provider ANS from Abel Noser
Abel Noser Solutions has built a reputation as a leader in advocating for reduced trading costs. With over 350 clients worldwide, ANS specializes in transaction cost analysis and compliance products.
Trading Technologies has successfully concluded its previously announced acquisition of Abel Noser Solutions, LLC (ANS), a renowned provider of transaction cost analysis (TCA) services for investment managers, brokers, asset owners, and consultants.
The acquisition brings together two prominent entities in the financial technology space.
TT and ANS
TT is known for its Software-as-a-Service (SaaS) technology platform, offering connectivity to major international exchanges and liquidity venues, covering various asset classes, including listed derivatives, fixed income, and cryptocurrencies.
TT’s platform is a comprehensive solution offering advanced tools for trade execution, order management, market data, analytics, trade surveillance, risk management, and infrastructure services. It caters to a wide range of clients, including Tier 1 banks, brokers, hedge funds, proprietary traders, and more.
On the other hand, Abel Noser Solutions has built a reputation as a leader in advocating for reduced trading costs. With over 350 clients worldwide, ANS specializes in transaction cost analysis and compliance products.
Their services are accessed directly by clients or through a network of resellers, distribution partners, and strategic alliances. In 2022, Abel Noser was recognized as the top “Best-in-Class” vendor in the Global Multi-Asset Class TCA Aite Matrix Report, solidifying its position as a market leader in TCA services.
The acquisition of ANS represents TT’s extension into the multi-asset data and analytics space, further building on its expansion into new asset classes. The company has recently established a new foreign exchange (FX) business line, TT FX, following its entry into the fixed-income space in March with the acquisition of AxeTrading. TT has long been a leader in technology solutions for listed derivatives.
TT to acquire START by Q1 2024
It’s important to note that Abel Noser LLC, an agency-only brokerage offering trading services and analytics, remains an independent agency-only execution broker-dealer and is not part of this transaction.
In a separate transaction, TT will acquire START, a broker-neutral trade optimization platform, from Abel Noser LLC. This acquisition is expected to be finalized by the first quarter of 2024, further expanding TT’s capabilities and offerings in the financial technology sector.
