Professional trading software provider Trading Technologies International (TT) has invested $6.35m into KRM22, a software investment company that focuses on risk management for capital markets.
This deal marks the first stage of cooperation between TT and KRM22.
As part of the agreement, TT has entered a distribution agreement to market and distribute KRM22 risk management products. These products will leverage TT’s software-as-a-service platform ecosystem and significantly expand the firm’s risk management offering.
The initial integrated risk service offering will address pre-trade risk and will be available for TT clients to use in March.
Trading Technologies CEO Keith Todd said, “The broadening of TT’s risk management capabilities is an important step in the firm’s evolution to providing more comprehensive trade execution services.
“The ease of integration into the robust TT SaaS platform ensures that time to market will be short. This is the first of many third-party services to leverage the TT platform ecosystem to access and add value to the global TT customer base in the months and years ahead.”
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