TT completes acquisition of TCA provider ANS from Abel Noser

Rick Steves

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.

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.


Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.