Trading Technologies International, Inc. (TT) and Abel Noser Solutions issued a statement, confirming a definitive agreement detailing the acquisition of the latter by the former. Abel Noser Solutions is one of the industry leaders in the provision of transaction cost analysis (TCA) for brokers, investment managers, consultants and asset owners.
Trading Technologies expand with Abel Noser Solutions acquisition
This move reflects TT’s expansion into multi-asset data and analytics as part of the diversification of new asset classes. It comes in the wake of the global capital markets technology platform’s establishment of its foreign exchange business line in June. This company has been a principal when it comes to solutions for listed derivatives.
As a subsidiary of Abel Noser Holdings, Solutions covers extensive pre-trade, real-time, and post-trade TCA products and services on both the buying and selling sides of the fence. These include various asset classes such as global equities, foreign exchange, futures, options and fixed incomes. The company also specialises in compliance reporting, trade surveillance and algorithmic trading solutions.
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Keith Todd Source: LinkedIn
Keith Todd, CEO of TT, had the following to say:
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 anonymised data harnessed through our platform. Abel Noser’s pioneering solutions have, for decades, been critical to the success of buy-side participants across the globe who recognise that the ability to reliably analyse 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’s services available.
