Announced
Completed
Financials
Tags
post-trade solutions
financial services
Acquisition
France
Diversified Financials
Cross Border
Majority
Private
Friendly
Single Bidder
Completed
Synopsis
Trading Technologies, a global capital markets technology platform provider, completed the acquisition of ATEO, a provider of post-trade solutions for listed derivatives. Financial terms were not disclosed. "We've enjoyed an outstanding working relationship with the ATEO team since we embarked on our partnership in 2022, and we came to the conclusion that we can create an even stronger value proposition and end-to-end offering by bringing the entire firm and all software modules into the TT family of offerings. ATEO has both highly respected technology and established trusted relationships with a wide range of leading banks, brokerage firms, trading houses and professional traders. The total addressable market for middle-office clearing solutions is at least $100m, with plenty of room for growth in market share," Keith Todd, TT CEO.
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