SGX to Invest US$200 Million in Acquisition of Trading Technologies

Singapore Exchange (SGX) today announced that it will invest approximately US$200 million as one of the limited partners in a closed-end fund managed by 7RIDGE, that is acquiring global professional trading software provider Trading Technologies International, Inc. (TT).

With close to three decades of track record in derivatives trading software, TT’s privately managed infrastructure across six continents and state of the art Software-as-a-Service (SaaS)-based platform offer secure market connectivity and superior performance from anywhere in the world. 

As owner and operator, 7RIDGE plans to fuel Trading Technologies' organic growth and enable the firm to make targeted strategic acquisitions in the future. With 7RIDGE as its new strategic partner, TT will be in a strong position to accelerate the expansion of its industry-leading technology platform.

“Together with other independent software vendors, Trading Technologies has been a long-term partner of SGX, serving our global derivatives customers with its front-end workflow and connectivity solutions,”Loh Boon Chye, Chief Executive Officer of SGX, said.

“We look forward to continued collaboration with TT as it builds upon its strong position in the derivatives market, to deliver even more innovative and efficient solutions for the benefit of our ecosystem,”Loh Boon Chye added.

In addition to SGX, Cboe Global Markets​ has also announced its plan to invest in the acquisition of Trading Technologies International.