Goldman Sachs in talks to buy Trading Technologies

Goldman Sachs, an American multinational investment bank and financial services company headquartered in New York City, is reportedly in advanced talks with Trading Technologies (TT) about acquiring the Chicago-based fintech firm for an estimated $500m.

The US investment bank is said by four sources to be in late-stage talks about buying the trading and data analytics software firm. 

TT's trading, network and data analytics software could complement Goldman's data and brokerage services to deliver a comprehensive trading platform to buy-side firms such as fund managers, hedge funds, proprietary traders and retail clients. The talks are seen as the natural extension of the September 2019 agreement between Goldman Sachs and TT to allow the bank to distribute the TT platform to Goldman clients.

Founded in 1994, Trading Technologies is a multinational company headquartered in Chicago. TT supplies software to most of the world's biggest investment banks, brokers and trading firms.