Trading Technologies International, a technology provider in the capital markets, has entered into a definitive agreement to acquire Abel Noser Solutions, LLC (ANS), a provider of pre-trade and post-trade transaction cost analysis (TCA) for investment managers, brokers, asset owners, and consultants.

Trading Technologies to Acquire Abel Noser Solutions

As announced yesterday (Tuesday), Trading Technologies will acquire ANS from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners. The acquisition is expected to be closed by the end of August. However, the terms were not disclosed.

In addition to ANS, Trading Technologies will also acquire START, a broker-neutral trade optimization platform, from Abel Noser LLC in a separate transaction, which is expected to be finalized in the first quarter of 2024.

The latest acquisition came months after Trading Technologies entered the FX industry with a newly formed entity, TT FX, the services of which will be launched in two phases.

A Strategic Deal for Trading Technologies

Besides its TCA products, ANS offers a broad range of compliance reporting, trade surveillance, and algorithmic trading solutions, making it a strategic deal for Trading Technologies.

“This acquisition enhances our appeal to the buy side with an offering that spans multiple asset classes, which we can fortify with the wealth of anonymized data harnessed through our platform,” said Keith Todd, the CEO at Trading Technologies.

“Abel Noser’s pioneering solutions have for decades been critical to the success of buy-side participants across the globe who recognize that the ability to reliably analyze transaction costs is essential. We intend to introduce the tools into the listed derivatives space through our vast client base, build on Abel Noser’s FX TCA capabilities as we roll out our new TT FX initiative, and offer the firm’s clients the full breadth of TT services available.”

Following the acquisition, Abel Noser’s TCA and regulatory services will be made available to Trading Technologies clients, while Abel Noser’s clients will receive services and functionality offered by Trading Technologies. Eventually, Abel Noser’s analytics will be integrated into the TT platform, however, the companies did not provide any timeline.

“Our complementary multi-asset platform offerings will drive our business to new heights by continuing to deliver exceptional service and additional product innovation at an accelerated pace to our clients,” added the CEO of Abel Noser, Peter Weiler.

“This strategic move represents a significant milestone in our company’s history and will enable us to leverage the global reach of TT to better serve our customers and offer broader opportunities to our employees and partners.”

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