Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has closed the acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives, expanding TT’s reach into clearing and other mid-tech and back office services.
Terms of the transaction were not disclosed.
ATEO will operate as a global managed service hosted in TT’s data centers. ATEO’s post-trade allocation engine is already fully integrated into the TT Order Management System (OMS), providing TT OMS clients with seamless access to the functionality.
ATEO products include:
- TEO Derivatives, a global order management system dedicated to pure brokerage environments and used by many of the world’s leading brokers and executive brokers, including the vast majority of brokers in London.
- the LISA Clearing Engine, a widespread trade matching and clearing solution that enables companies to process their trades across all clearinghouses worldwide and offer personalized services to their clients. and
- UGO, a set of gateways and standardized clearing application programming interfaces (APIs) that enable firms to develop or feed in-house solutions through scalable trade feed standardization and high performance for all clearing activities.
TT board member David Solo led the acquisition negotiation on behalf of TT and Fieldfisher acted as the company’s legal advisor. NINE58 Advisors served as financial advisor and Dentons as legal advisor to ATEO.