{"id":100004,"date":"2023-12-13T07:00:00","date_gmt":"2023-12-13T13:00:00","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?post_type=news&p=100004"},"modified":"2023-12-13T14:27:17","modified_gmt":"2023-12-13T20:27:17","slug":"trading-technologies-announces-new-dedicated-business-lines-to-fuel-growth-across-asset-classes-in-2024","status":"publish","type":"news","link":"https:\/\/tradingtechnologies.com\/news-releases\/trading-technologies-announces-new-dedicated-business-lines-to-fuel-growth-across-asset-classes-in-2024\/","title":{"rendered":"Trading Technologies Announces New Dedicated Business Lines to Fuel Growth Across Asset Classes in 2024"},"content":{"rendered":"\n

TT\u00ae Compliance and TT\u00ae Quantitative Trading Solutions build on existing strengths, recent acquisitions through new strategic focus<\/strong><\/p>\n\n\n\n

CHICAGO, Dec. 13, 2023<\/strong> \u2014 Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced the launch of two new lines of business, TT Compliance and TT Quantitative Trading Solutions (QTS), to further support the company’s growth into new asset classes. The two dedicated lines of business build on TT\u2019s past offerings in trade surveillance and algorithmic\/quantitative trading solutions that were strengthened by TT\u2019s acquisitions of Abel Noser Solutions<\/a> \u2013 the industry-leading provider of transaction cost analysis (TCA) for investment managers, brokers, asset owners and consultants \u2013 in August 2023 and RCM-X<\/a> \u2013 a technology provider of algorithmic execution strategies and quantitative trading products \u2013 in March 2022.<\/p>\n\n\n\n\n\n\n\n

TT Compliance<\/strong>
TT Compliance will leverage both the firm\u2019s long-standing TT Score trade surveillance offering built originally for exchange-traded derivatives as well as Abel Noser\u2019s complementary Compliance+ solution largely used for U.S. equities. In addition, TT is working with KRM22 plc (AIM: KRM), which focuses on risk management and capital markets, to extend the capabilities of TT Score and Compliance+ by building a new multi-asset class surveillance platform scheduled for delivery in the second quarter of 2024. The new TT Compliance business line will be run by Ted Morgan, who has served as Chief Operating Officer (COO) of Abel Noser and will assume the role of EVP Compliance on Jan. 1.<\/p>\n\n\n\n

TT CEO Keith Todd said: \u201cSound compliance and robust trade surveillance are must-haves and only growing in importance across asset classes as regulators around the globe are imposing significant fines and holding firms accountable for the actions of their people. We see a tremendous opportunity to both capture new business and provide a second line of defense for clients who already rely on our technology for their trading-related needs.\u201d<\/p>\n\n\n\n

TT QTS<\/strong>
Since TT\u2019s acquisition of RCM-X, the firm has significantly bolstered its capabilities in quantitative trading solutions, including the introduction last year of TT Premium Order Types, a suite of sophisticated algorithmic execution strategies based on popular RCM-X technology. The newly branded TT QTS led by Joe Signorelli \u2013 who has been serving as Managing Director – RCM-X and prior to the acquisition as CEO of RCM-X \u2013 will encompass a broader multi-asset algorithmic trading offering, including not only TT Premium Order Types and the firm\u2019s TT Strategy Studio but also a new suite of quantitative solutions for fixed income trading, beginning with U.S. Treasuries. TT also previously announced the forthcoming acquisition of START, a broker-neutral trade optimization platform, from Abel Noser LLC in a second transaction expected to close in the first quarter of 2024. That technology, which is used by some of the largest U.S. investment management firms, particularly for equities, will be integrated into the TT platform as part of the new TT QTS business line.<\/p>\n\n\n\n

Todd said: \u201cWe are calling the new business line QTS to underscore that our team is not just developers building algos. These professionals are experts in data science and analytics, along with trading and risk management in multiple asset classes, on top of their coding and development skills. We\u2019re excited to further expand into new asset classes and bring our award-winning tools to a broader user base as we continue to grow our multi-asset offering.\u201d<\/p>\n\n\n\n

In July, TT won the 2023 Waters Rankings Award for Best Algorithmic Trading Provider, based on votes from thousands of sell-side and buy-side market participants.<\/p>\n\n\n\n

Reorganization into Six Business Lines<\/strong>
The two new business units are part of a reorganization of the firm into six distinct lines of business that will work in concert to support clients\u2019 multi-asset needs. The new lines of business include:<\/p>\n\n\n\n