Recent Articles

IL-based Trading Technologies (TT) Acquired Ateo

Feb 13, 2024 | By Team SR

IL-based Trading Technologies (TT) Acquired Ateo. a leading provider of post-trade solutions for listed derivatives, expanding TT’s reach into clearing and other middle-office technologies and services.

IL-based Trading Technologies (TT) Acquired Ateo. a leading provider of post-trade solutions for listed derivatives, expanding TT’s reach into clearing and other middle-office technologies and services.

The two firms entered into a strategic partnership in late 2022 to deliver a fully integrated, comprehensive post-trade allocation service for sell-side banks, brokers and futures commission merchants (FCMs). The acquisition brings ATEO’s full line of middle-office solutions into the TT infrastructure.

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] Frankfurt-based Link11 Secures €26.5M in Funding
Startup Rise EU
Dec 21, 2023
recomd
Funding
[Funding alert] London-based Accelex Secures $15m in Series A Round Funding
Startup Rise EU
Nov 3, 2023
recomd
Funding
[Funding alert] London-based Insly Secures £1.5M in Venture Debt Funding
Startup Rise EU
Nov 8, 2023

TT CEO Keith Todd said: “We’ve enjoyed an outstanding working relationship with the ATEO team since we embarked on our partnership in 2022, and we came to the conclusion that we can create an even stronger value proposition and end-to-end offering by bringing the entire firm and all software modules into the TT family of offerings. ATEO has both highly respected technology and established trusted relationships with a wide range of leading banks, brokerage firms, trading houses and professional traders. The total addressable market for middle-office clearing solutions is at least $100 million, with plenty of room for growth in market share.”

Laurent Courbin, Founder & Chief Executive Officer of ATEO, said: “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 now have the ability to scale significantly as part of the TT team and infrastructure, supporting more clients of every size, regardless of the scope of their needs.”

David Romeo, Managing Director of ATEO, said: “This will also bring our existing clients and those in our pipeline easy access to the TT platform and the full range of services the firm provides. Giving our clients the ability to manage their trading activities from pre-trade risk to post-trade allocation and clearing through TT’s multi-asset platform will provide a meaningful competitive advantage.”

ATEO will operate as a global managed service hosted in TT’s data centers. ATEO’s post-trade allocation engine is already fully integrated into the TT order management system (OMS), providing TT OMS clients with seamless access to the functionality.

Read also - Stockholm-based MANTLE Raises over €2.8 Million in Funding

About Trading Technologies

Trading Technologies is a Software-as-a-Service (SaaS) technology platform provider to the global capital markets industry. The company’s award-winning 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.

Read also - Vilnius-based Axiology Secures €2 Million in Funding

About ATEO

ATEO delivers post-trade solutions for the financial industry, including a global blotter, clearing and matching system, and extensive market connectivity. The world’s leading banks, trading houses and professional traders have been relying on ATEO technology since its creation in 2000.

Read also - France-based Pixee Medical Secures $15Million in Funding

Recommended Stories for You

story
Czechia

[Funding alert] Prague startup Apify Secures €2.8Million in Funding

Startup Rise EU Apr 15, 2024

story
Funding

[Funding alert] Bolognese Biotech startup Cellply Secures €3.6 million in Funding

Startup Rise EU Sep 29, 2023

story
Funding

Foodtech Startup Edonia Secures €2 Mn From Asterion Ventures

Startuprise Apr 27, 2024

story
Funding

[Funding alert] London-based SME lender, iwoca Raises £200 million in Funding

Startup Rise EU Oct 17, 2023

story
Funding

[Funding alert] Paris-based WeeFin Raises €7 Million in Series A Round Funding

Startup Rise EU Nov 28, 2023

story
UK

[Funding alert] UK-based Known Leader in Property Technology iamproperty Secures Investment From Perwyn

Startup Rise EU Oct 25, 2023