Trading Technologies Taps into Clearing Sector with ATEO SAS Acquisition

Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, has entered a definitive agreement to acquire ATEO SAS, a leading provider of post-trade solutions for listed derivatives.

Through this acquisition, which is expected to complete on February 29, 2024, TT will expand into clearing and other middle-office technologies and services. This deal will bring ATEO's full line of middle-office solutions into the TT infrastructure.

The two firms built a partnership in late 2022 to offer a fully integrated, comprehensive post-trade allocation service for sell-side banks, brokers and futures commission merchants.

"We've enjoyed an outstanding working relationship with the ATEO team since we embarked on our partnership in 2022, and we came to the conclusion that we can create an even stronger value proposition and end-to-end offering by bringing the entire firm and all software modules into the TT family of offerings," commented TT CEO Keith Todd.

"While we have already attracted some of the leading firms in the industry, we now have the ability to scale significantly as part of the TT team and infrastructure, supporting more clients of every size, regardless of the scope of their needs," said Laurent Courbin, Founder & Chief Executive Officer of ATEO.

"This will also bring our existing clients and those in our pipeline easy access to the TT platform and the full range of services the firm provides. Giving our clients the ability to manage their trading activities from pre-trade risk to post-trade allocation and clearing through TT's multi-asset platform will provide a meaningful competitive advantage," added David Romeo, Managing Director of ATEO.

According to the official press release, ATEO will operate as a global managed service hosted in TT's data centers. Its post-trade allocation engine is already fully integrated into the TT order management system (OMS), delivering TT OMS clients seamless access to the functionality.

At the end of 2023, CFTC-regulated futures exchange Coinbase Derivatives Exchange​ collaborated with TT, with its crypto futures products available through the TT platform.