TRAFiX to acquire Integrated Transaction Systems Ltd and ITS Online Ltd
Fintech company TRAFiX LLC has agreed to the acquisition of Integrated Transaction Systems Ltd. and ITS Online Ltd. (ITS), a provider of trading applications, connectivity and smart order routing to the Canadian capital markets Industry.
The integration of TRAFiX and ITS products and services will make available robust trading solutions and connectivity to the Canadian capital markets. Through the Canadian introduction of TRAFiX’s leading edge OMS, EMS and FIX routing applications, the combined entities will provide cost effective, seamless integrated access to Canada, United States and EMEA markets.
As ITS integrates into the TRAFiX ecosystem and works to expand the TRAFiX reach within Canada, ITS will continue to support its current products and clients.
“We are very excited to be adding the ITS team and their applications into TRAFiX and our industry-leading suite of products and services,” Michael Ottrando, Global Head of Sales at TRAFiX. “This acquisition further emphasizes TRAFiX’s continued mission of providing the global Financial Services Industry with best-of-breed FinTech solutions.”
Stephen Plut, Managing Director ITS, “I’m excited about the future product offerings that will come from the synergies of the TRAFiX acquisition of ITS. Being associated with a client-focused organization like TRAFiX is a great opportunity for me and the ITS team. I and my coworkers look forward to becoming a part of the team that TRAFiX has put together.”
Walter Fitzgerald CEO TRAFiX, “This transaction allows us to continue to execute our strategic plan for global expansion and show our commitment to the Canadian Markets. All of us at TRAFiX look forward to working with the Team at ITS.”