Trading Technologies acquires start-up RCM-X – FinTech Futures

Trading Technologies (TT), a global provider of trading software, infrastructure, and data solutions, has acquired RCM-X, a technology provider of algorithmic execution strategies and quantitative trading products.

Trading Technologies is on an M&A spree

Terms of the transaction were not disclosed.

The deal follows hot on the heels of TT itself being acquired at the end of last year by 7RIDGE and the subsequent announcement of organic and M&A growth plans. Earlier this year, TT invested $6.35 million in KRM22, a technology and software investment company that focuses on risk management for capital markets.

“We are moving full speed ahead on our strategic plan,” states Keith Todd, CEO of TT. He promises to fully integrate RCM-X into the TT platform.

Chicago-based RCM-X offers a broad range of algorithmic execution strategies – designed, tested and developed with its proprietary technology stack. It also provides trade analytics and independent transaction cost analysis (TCA) solutions, as well as back-testing and simulation services.

“This is a perfect fit for us, and it will bring tremendous benefits to our clients and growth to TT,” Todd adds.

RCM-X was founded in 2017 by trading tech veteran Joe Signorelli, who is the firm’s CEO. He says the acquisition brings his start-up to “an entirely new level”.

Source link

Related Articles

Back to top button