7RIDGE completes acquisition of Trading Technologies
Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, today announced that the company’s acquisition by 7RIDGE, a specialized growth equity firm invested in transformative technologies, is now complete.
As planned upon the signing of the transaction on October 31, Keith Todd has assumed the role of CEO. Mr Todd has over 20 years of industry leadership in financial markets technology with FFastFill, ION and KRM22.
Cboe is among the limited partners of the fund managed by 7RIDGE, supporting 7RIDGE’s and Trading Technologies’ commitment to further grow the business worldwide. Cboe is strategically aligned with Trading Technologies’ vision of delivering a leading trading, connectivity and data network to the global trading community.
Trading Technologies will remain independent and focused on delivering innovative enterprise-wide solutions for institutional and professional trading.
As owner and operator, 7RIDGE plans to fuel Trading Technologies’ organic growth and enable the firm to make targeted strategic acquisitions in the future. Through the combination of 7RIDGE’s operating experience and Trading Technologies’ highly regarded technology and extensive global customer network, Trading Technologies is expected to be in a strong position to accelerate the expansion of its industry leading cloud-based Software-as-a-Service (SaaS) technology platform.
Trading Technologies plans to continue to work closely with international exchanges, liquidity venues and market participants as a key provider of listed derivatives trading, connectivity services and data.
Trading Technologies has an expansive and highly engaged customer base with thousands of users, including the top futures commission merchants (FCM) and brokers globally, as well as many of the world’s leading buy-side institutions. Trading Technologies’ cloud-based SaaS technology architecture is built to be flexible and open to functional plug-ins. Additional products and capabilities can be added through in-house build, partnership or acquisition and rolled out quickly to the Trading Technologies network of users.