Trading Technologies branches out into clearing with acquisition of Ateo

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.