Media Coverage

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Trading Technologies (TT) has said it plans to develop its crypto related connectivity services, after announcing a key hire aimed at developing its multi-asset class buyside offering. Speaking to Global Investor, chief executive officer of TT Keith Todd said the US fintech is looking to expand the firm’s cryptocurrency related services principally through partnerships. “We’ve been doing a lot of work on expanding our existing crypto offering,” Todd said. “There is no doubt that the mainstream capital market players are now really aligning with the emerging crypto world. I want to see TT move rapidly, initially through partnerships, to sit at the epicenter of crypto connectivity.”

Trading software and SaaS provider Trading Technologies (TT) has appointed industry veteran Nick Garrow to the newly created role of EVP multi-asset and buy-side. Garrow brings over 20 years’ experience in senior management in capital markets and prime brokerage, having led the global technological and operational transformation of businesses ranging from a tier-1 bank, to brokerage and clearing firms, to an exchange and fintech company.

Following its acquisition by 7RIDGE late last year, Trading Technologies (TT), a provider of trading software, infrastructure and data solutions, has acquired RCM-X, a Chicago-based technology provider of algorithmic execution strategies and quantitative trading products. RCM-X’s solution set includes trade analytics, independent transaction cost analysis (TCA), and back-testing and simulation services. The RCM-X engineering team also works with clients to create bespoke algorithmic strategies tailored to their trading objectives.

The new head of Trading Technologies International (TT) Keith Todd has said he plans to capitalise on his first acquisition as head of the US fintech firm to boost its algorithmic trading capabilities. Speaking to Global Investor from the FIA Boca conference after he announced on Tuesday his first deal as TT chief executive, Todd said the acquisition of algorithmic trading firm RCM-X is consistent with his strategy of tapping specialists to develop TT’s functionality. Todd said on Wednesday: “This is just an example of what we’re going to do, and my appeal out there to great software companies is come talk to us because we have an ecosystem in place. We have worked for a long time with RCM-X. They are a very well-respected specialist in the algo space with a range of standard algos and functionalities, but importantly they have the ability with their Strategy Studio to allow customers to modify, tailor and create their own algos as well. The fact that the product will be inside TT will mean frictionless deployment for customers within our firewall, which is great.”

Trading Technologies International, Inc. (TT), a professional trading software provider, has revealed the acquisition of RCM-X, a technology provider of algorithmic execution strategies and quantitative trading products. The terms of the deal have not been disclosed. This move follows 7RIDGE’s acquisition of TT in December 2021, when TT announced plans to grow the organization organically and through acquisitions.