Trading Technologies Announces $6.35 Million Investment in KRM22

Trading software, infrastructure and data solutions provider, Trading Technologies International (TT) today announced an investment worth $6.35 million in KRM22. The latest financing marks the company’s first investment since its acquisition by 7RIDGE in December 2021.

KRM22 is a technology and software investment company that focuses on risk management for capital markets. In addition to the $6.35 million investment, Trading Technologies has entered into a distribution agreement for the distribution and marketing of the risk management products of KRM22.

According to the details shared by Trading Technologies, the investment and distribution agreement represent the first stage of collaboration between the two companies. In December 2021, 7RIDGE completed the acquisition of TT and announced the appointment of Keith Todd as the Chief Executive Officer.

"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,” Todd said.

Trading Technologies

The company develops a wide range of innovative technological products for capital markets. The users of TT include hedge funds, money managers, brokers, proprietary traders and risk managers. Additionally, the firm offers domain-specific technology for cryptocurrency trading and machine-learning tools for trade surveillance.

TT's Chief Revenue Officer (CRO) Guy Scott, said: "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."

Through the integrated risk service offering, TT is planning to address pre-trade risk.