Trading Technologies (TT) and KRM22 have sealed a distribution agreement giving TT clients access to risk analytics from the third party provider, as both firms look to develop coverage. The plan to integrate the services was previously discussed by Keith Todd, the former head of KRM22 and current chief executive officer of TT, at the end of October.
Trading Technologies, the trading software, infrastructure and data solutions company recently acquired by 7RIDGE, has confirmed that it has invested $6.35 million in risk management technology company KRM22, and entered into a distribution agreement to market and distribute KRM22 risk management products. The investment and distribution agreement represent the first stage of cooperation between TT and KRM22, whose CEO Keith Todd has taken the helm at TT. The initial integrated risk service offering is anticipated to address pre-trade risk and will be available for TT clients to use in March.
Trading Technologies International, Inc., professional trading software provider, has revealed it has invested $6.35 million in KRM22 plc, a technology and software investment company focusing on risk management for capital markets. The latest investment follows Trading Technologies’ acquisition by 7RIDGE in late December. Trading Technologies has agreed to market and distribute KRM22 risk management products. These products will use Trading Technologies’ SaaS platform ecosystem and expand the firm’s risk management offering significantly.
Trading Technologies has invested $6.35 million in KRM22, a regtech firm specialized in risk management for capital markets, as the provider of professional trading software, infrastructure and data solutions, looks to expand after being acquired by 7RIDGE in late December. TT has also entered into a distribution agreement to market and distribute KRM22 risk management products, the first stage of cooperation between TT and KRM22.
In its first move since being acquired by 7Ridge in December, Trading Technologies has invested $6.35 million into capital markets risk management provider KRM22 and entered an agreement to distribute the latter’s products and services. The companies say the agreement represents “the first stage of cooperation” between them, adding that KRM22’s products will expand TT’s risk management offering. The initial integrated risk service, which will address pre-trade risk, will be available in March the companies say, adding more details will be announced nearer the time.