{"id":100169,"date":"2024-02-29T09:00:00","date_gmt":"2024-02-29T15:00:00","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?post_type=news&#038;p=100169"},"modified":"2024-02-29T08:53:43","modified_gmt":"2024-02-29T14:53:43","slug":"trading-technologies-closes-on-ateo-acquisition","status":"publish","type":"news","link":"https:\/\/tradingtechnologies.com\/news-releases\/trading-technologies-closes-on-ateo-acquisition\/","title":{"rendered":"Trading Technologies Closes on ATEO Acquisition"},"content":{"rendered":"\n<p><strong>CHICAGO \/ PARIS, Feb. 29, 2024<\/strong> \u2014 Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that it has closed on the <a rel=\"noreferrer noopener\" href=\"https:\/\/tradingtechnologies.com\/news-releases\/trading-technologies-expands-into-clearing-technologies-services-with-acquisition-of-ateo\/\" target=\"_blank\">acquisition of ATEO SAS<\/a>, a leading provider of post-trade solutions for listed derivatives, expanding TT\u2019s reach into clearing and other middle-office technologies and services. Terms of the transaction were not disclosed.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>ATEO will operate as a global managed service hosted in TT\u2019s data centers. ATEO\u2019s post-trade allocation engine is already fully integrated into the TT order management system (OMS), providing TT OMS clients with seamless access to the functionality.<\/p>\n\n\n\n<p>ATEO\u2019s products include: TEO Derivatives, a global order management system dedicated to pure brokerage environments and used by many of the world\u2019s leading inter-dealer and executing brokers, including the vast majority of brokers in London; the LISA Clearing Engine, a widely adopted trade matching and clearing solution enabling firms to process business across all clearing houses globally and offer tailored services to their customers; and UGO, a set of gateways and standardized clearing application programming interfaces (APIs) providing firms with the ability to develop or feed in-house solutions through scalable trade feed standardization and high throughput for all clearing activities.<\/p>\n\n\n\n<p>David Solo, TT Board member, led the acquisition negotiation on behalf of TT, and Fieldfisher acted as the firm\u2019s legal advisor. NINE58 Advisors served as financial advisor and Dentons as legal advisor to ATEO.<\/p>\n\n\n\n<p><strong>About Trading Technologies<\/strong><\/p>\n\n\n\n<p>Trading Technologies (<a href=\"https:\/\/tradingtechnologies.com\/\">www.tradingtechnologies.com<\/a>) is a Software-as-a-Service (SaaS) technology platform provider to the global capital markets industry. The company\u2019s award-winning TT\u00ae platform connects to the world\u2019s major international exchanges and liquidity venues in listed derivatives alongside a growing number of asset classes, including fixed income, foreign exchange (FX) and cryptocurrencies. The TT platform delivers advanced tools for trade execution and order management, market data solutions, analytics, trade surveillance, risk management, clearing, post-trade allocation and infrastructure services to the world\u2019s leading sell-side institutions, buy-side firms and exchanges. The company\u2019s blue-chip client base includes the Tier 1 banks as well as brokers, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. These firms rely on the TT ecosystem to manage their end-to-end trading operations. In addition, exchanges utilize TT\u2019s technology to deliver innovative solutions to their market participants. TT also strategically partners with technology companies to make their complementary offerings available to Trading Technologies\u2019 global client base through the TT ecosystem.<\/p>\n\n\n\n<p><strong>About ATEO<\/strong><\/p>\n\n\n\n<p>ATEO delivers post-trade solutions for the financial industry, including a global blotter, clearing and matching system, and extensive market connectivity. The world\u2019s leading banks, trading houses and professional traders have been relying on ATEO technology since its creation in 2000. Through years of experience, advanced technology solutions and an unparalleled sense of service, ATEO helps customers achieve efficiencies and grow their business. For more information, please visit <a rel=\"noreferrer noopener\" href=\"https:\/\/www.ateofinance.com\/\" target=\"_blank\">www.ateofinance.com<\/a>.<\/p>\n","protected":false},"author":6,"parent":0,"template":"","class_list":["post-100169","news","type-news","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news\/100169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":0,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/news\/100169\/revisions"}],"wp:attachment":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/media?parent=100169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}