- Trading Technologies, a US-based provider of SaaS solutions for capital markets firms, is set to acquire its partner, Ateo, to expand into clearing technologies.
- Ateo, founded in 2000, specializes in providing post-trade solutions, including post-trade allocation, clearing engine, and APIs, for banks, brokers, dealers, and the wider trading industry.
- The companies have been in partnership since November 2022, integrating Ateo’s post-trade allocation engine with Trading Technologies’ order management system.
- Trading Technologies plans to acquire Ateo by February 29, 2024, and operate Ateo’s middle-office solutions as a global managed service hosted via its data centers.
- The acquisition includes Ateo’s LISA Clearing Engine, a trade matching and clearing solution that allows firms to process business across all clearing houses globally.
- The move aims to strengthen Trading Technologies’ value proposition and end-to-end offering, tapping into the middle-office clearing solutions market valued at least $100 million.
- Trading Technologies has previously expanded its offerings through acquisitions, including RCM-X, AxeTrading, and Abel Noser Solutions.
- Ateo’s founder and CEO, Laurent Courbin, sees the acquisition as an opportunity to scale significantly as part of the Trading Technologies team and infrastructure.
Trading Technologies branches out into clearing with acquisition of Ateo
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