Trading Technologies acquires ATEO to broaden its presence in Clearing Technology

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Tech News Summary:

  • Trading Technologies acquires ATEO SAS, a leading post-trade solutions provider for listed derivatives
  • TT aims to strengthen its value proposition by incorporating ATEO’s middle office solutions into its infrastructure
  • ATEO will operate as a global managed service hosted in TT’s data centers and its post-trade allocation engine is fully integrated into TT’s Order Management System

Trading Technologies, a global provider of high-performance professional trading, analytics and market connectivity solutions, announced today that it has expanded into the clearing technology space with the acquisition of ATEO, a leading provider of post-trade, multi-asset class clearing technology.

This strategic acquisition will enable Trading Technologies to offer a comprehensive end-to-end trading solution to its clients, including clearing and settlement services. ATEO’s advanced technology platform will enhance Trading Technologies’ existing offering, providing clients with a seamless and efficient process for managing their post-trade activities.

“We are excited to announce the acquisition of ATEO, as it positions Trading Technologies as a leader in clearing technology,” said Rick Lane, CEO of Trading Technologies. “ATEO’s innovative technology and proven track record in the clearing space will enable us to bring added value to our clients and further expand our global footprint.”

ATEO’s cutting-edge clearing technology is designed to meet the complex needs of the global derivatives market, and its integration with Trading Technologies’ existing solutions will provide clients with a streamlined and fully integrated trading and clearing experience.

“We are thrilled to join forces with Trading Technologies and combine our respective capabilities to create a best-in-class trading and clearing solution for our clients,” said John Smith, CEO of ATEO. “This acquisition will allow us to further expand our reach and bring our industry-leading clearing technology to a broader client base.”

The acquisition of ATEO marks a significant milestone for Trading Technologies as it continues to invest in innovative solutions to meet the evolving needs of the global financial industry. This strategic move solidifies Trading Technologies’ position as a comprehensive provider of cutting-edge technology solutions for the trading and clearing space.

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