Trading Technologies Expands its Reach with Acquisition of ATEO

Trading Technologies International, Inc. (TT), a global provider of technology platforms for capital markets, has recently announced the acquisition of ATEO SAS, a prominent provider of post-trade solutions for listed derivatives. This strategic move by TT signifies a substantial expansion into clearing and other middle-office technologies and services.

The acquisition follows a successful strategic partnership established in late 2022, aimed at delivering a fully integrated post-trade allocation service for sell-side banks, brokers and futures commission merchants (FCMs). Through this acquisition, ATEO’s comprehensive line of middle-office solutions will be seamlessly integrated into the TT infrastructure.

Keith Todd, CEO of TT, has expressed his enthusiasm regarding the acquisition, stating that the partnership with ATEO has been exceptional. By incorporating the entire firm and all software modules into the TT family, a stronger value proposition and end-to-end offering can be created. Todd also emphasized ATEO’s highly regarded technology and well-established relationships with leading banks, brokerage firms, trading houses and professional traders. He pointed out that the total addressable market for middle-office clearing solutions is at least $100 million, providing ample room for market share growth.

Laurent Courbin, Founder & Chief Executive Officer of ATEO, highlighted the company’s track record of providing premier middle-office solutions to clients since 2000. He expressed confidence in significantly scaling as part of the TT team, supporting clients of all sizes and regardless of the scope of their needs.

In addition, David Romeo, Managing Director of ATEO, emphasized the benefits of the acquisition, particularly in providing existing clients and those in their pipeline easy access to the TT platform and the full range of services the firm provides, giving them a competitive advantage.

As part of the acquisition, ATEO will be operated as a global managed service hosted in TT’s data centers. ATEO’s 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.

ATEO’s suite of products include TEO Derivatives, a global order management system used by many of the world’s leading inter-dealer and executing brokers; the LISA Clearing Engine, a widely adopted trade matching and clearing solution enabling firms to process business across all clearing houses globally; 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.

This acquisition represents a significant milestone in TT’s expansion into the post-trade solutions market. Through its award-winning TT platform, the company provides advanced tools for trade execution and order management, market data solutions, analytics, trade surveillance, risk management and infrastructure services to the world’s leading sell-side institutions, buy-side firms and exchanges.

On the other hand, ATEO delivers post-trade solutions for the financial industry, including a global blotter, clearing and matching system, and extensive market connectivity, catering to the needs of the world’s leading banks, trading houses and professional traders since its inception in 2000.

In conclusion, TT’s acquisition of ATEO represents a significant step towards providing a comprehensive suite of solutions for post-trade activities in the global capital markets industry. Both companies are set to benefit from this strategic move, further solidifying their positions as leaders in technology and services for financial markets.