Trading Technologies International (TT), a Chicago, IL-based capital markets technology platform provider, acquired Abel Noser Solutions (ANS), a New York-based provider of transaction cost analysis (TCA) for investment managers, brokers, asset owners and consultants, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners.
The amount of the deal was not disclosed.
The acquisition represents TT’s extension into the multi-asset data and analytics space, further building on its expansion into new asset classes.
Abel Noser Solutions provides comprehensive pre-trade, real-time and post-trade TCA products and services to both the buy side and sell side for a range of asset classes, including global equities, FX, futures, fixed income and options. It also offers a broad range of compliance reporting, trade surveillance and algorithmic trading solutions.
Led by CEO Keith Todd, Trading Technologies is a Software-as-a-Service (SaaS) technology platform provider to the global capital markets industry. Its TT® platform connects to the world’s major international exchanges and liquidity venues in listed derivatives alongside a growing number of asset classes, including fixed income and cryptocurrencies. The platform delivers tools for trade execution and order management, market data solutions, analytics, trade surveillance, risk management and infrastructure services to sell-side institutions, buy-side firms and exchanges.
As a result of the acquisition, Abel Noser’s TCA and regulatory services will be made available to TT clients. Abel Noser’sclients will be able to leverage the comprehensive services and functionality of the TT platform. Over time, Abel Noser’sanalytics will be integrated into the TT platform.
Abel Noser LLC, an agency-only brokerage that provides a range of trading services and analytics for investment managers, asset owners, investment consultants and brokers, is not part of the transaction and will continue to operate as an independent agency-only execution broker-dealer.
TT will acquire START, a broker-neutral trade optimization platform, from Abel Noser LLC in a second transaction expected to close by the first quarter of 2024.
FinSMEs
23/08/2023