Trading Technologies, a global capital markets technology firm, has acquired ATEO SAS, a provider of post-trade solutions for listed derivatives.
This strategic move is aimed at broadening TT’s portfolio into clearing and other essential middle-office technologies and services, marking a significant milestone in the company’s expansion efforts.
The acquisition is set to enhance TT’s offerings by integrating ATEO’s cutting-edge post-trade allocation engine into the TT order management system (OMS). This integration promises TT OMS clients unparalleled access to ATEO’s functionalities, now available as a global managed service hosted in TT’s state-of-the-art data centers.
Trading Technologies is renowned for its advanced technology platforms that serve the global capital markets, offering tools for trading and managing risk across a wide array of asset classes. ATEO SAS, on the other hand, specializes in post-trade solutions, boasting a portfolio that includes TEO Derivatives, the LISA Clearing Engine, and UGO gateways and APIs. These products are pivotal in supporting brokerage environments and facilitating trade clearing and processing across all clearing houses worldwide.
The collaboration between TT and ATEO is expected to set new standards in the industry, with ATEO’s products fully assimilated into TT’s ecosystem. The terms of the transaction, however, have not been disclosed.
David Solo, a board member at TT, played a crucial role in leading the acquisition negotiations, with Fieldfisher providing legal counsel for TT. ATEO received financial advice from NINE58 Advisors and legal guidance from Dentons, ensuring a smooth transition for both entities.
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