Trading Technologies Announces the Acquisition of RCM-X

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, announced that the firm has acquired RCM-X, a technology provider of algorithmic execution strategies and quantitative trading products.

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The agreement represents the first acquisition since TT was acquired by 7RIDGE in December 2021, when the technology firm announced plans to grow the organization organically and through acquisitions. Terms of the transaction were not disclosed.

Keith Todd, CEO of TT, said: "We are moving full speed ahead on our strategic plan, and with this acquisition, have already further expanded the TT trading platform capability within the first three months of 2022. This acquisition of RCM-X, with its outstanding team, best-in-class execution tools and superior performance, reflects our commitment to continually broadening our offering. Not only will we make the full suite of popular RCM-X products available to every TT user, but access will be seamless as we fully integrate the service into the TT platform."

RCM-X offers a broad range of algorithmic execution strategies—designed, tested and developed with its proprietary high-performance technology stack—built by experienced market practitioners and data scientists. The firm also provides comprehensive trade analytics and independent transaction cost analysis (TCA) solutions, as well as back-testing and simulation services. The RCM-X engineering team can work with clients to create bespoke algorithmic strategies or fully automated solutions tailored to their trading objectives.

Joe Signorelli, RCM-X CEO, said: "We're extremely proud of what we've built and accomplished over the years and excited to bring our unique product suite, innovative technology and talented staff to an entirely new level as part of Trading Technologies. TT is deeply embedded in the culture and daily operations of so many firms, and its market access across the globe aligns optimally with both our current footprint as well as the growth of our execution algo business and software distribution. TT clients will soon be able to use and provide their own customers with a breadth of advanced execution algorithms, comprehensive trade analytics and independent TCA services from the TT platform they use every day."