Cboe and Singapore Exchange-backed 7RIDGE to acquire Trading Technologies.

Cboe and Singapore Exchange-backed 7RIDGE, a private market asset manager, agreed to acquire Trading Technologies, a developer of a SaaS based trading software for professional derivatives traders. Financial terms were not disclosed. "We've been in search of the right strategic partner to help Trading Technologies achieve the tremendous potential of our pioneering new technology platform and accelerate the expansion of the business and product roadmap. Maintaining the firm's independence will allow us to retain the incredible talent within our organization and further strengthen our relationships as a valuable ally to our clients, our partners and the industry. We're excited that 7RIDGE and its strategic limited partners including global exchanges Cboe and SGX believe in the future of our company and our vision of becoming the operating system of capital markets," Tim Geannopulos, Trading Technologies Chairman of the Board and CEO.