Trading Technologies International, Inc. has finalized the acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives. ATEO will operate as a global managed service hosted in Trading Technologies' data centers. This integration allows Trading Technologies' clients to access ATEO's post-trade services to enhance operational efficiency.
Integration of ATEO into Trading Technologies' Ecosystem
ATEO's products comprise a global order management system for brokerage firms, a platform that facilitates trade matching and clearing across global clearing houses, and standardized clearing APIs for developing in-house solutions.
Laurent Courbin, the Founder and Chief Executive Officer of ATEO, mentioned in an email earlier sent to Finance Magnates: "Since 2000, ATEO has provided premier middle-office solutions to our clients, with functionally rich and reliable software."
"While we have already attracted some of the leading firms in the industry, we can now scale significantly as part of the TT team and infrastructure, supporting more clients of every size, regardless of the scope of their needs."
Trading Technologies operates as a Software-as-a-Service technology platform. It caters to the global capital markets industry. The company offers tools for trade execution, market data solutions, analytics, risk management, and more.
On the other hand, ATEO specializes in delivering post-trade solutions for the financial industry. It provides a clearing, matching system, and market connectivity. Since its establishment in 2000, ATEO has served banks, trading houses, and professional traders.
Expanding Services
Trading Technologies' collaboration with ATEO commenced in 2022, focusing on integrated post-trade allocation services for banks, brokers, and futures commission merchants. With ATEO's middle-office solutions integrated into Trading Technologies' infrastructure, the acquisition aims to boost the firm's offerings.
Last year, Trading Technologies acquired Abel Noser Solutions, LLC, to enhance its pre-trade and post-trade TCA services. This move highlighted the firm's commitment to expand its analytical capabilities and client offerings.
Additionally, Trading Technologies introduced two new lines of business, TT Compliance and TT Quantitative Trading Solutions, aimed at integrating liquidity from major banks and expanding product offerings.
