Is Trading Technologies Up For Sale?
According to a recent article, TT is looking for a buyer.
The firm creates futures trading software, infrastructure and data solutions for proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers and risk managers.
Market volatility during 2020 has increased interest in Capital Markets software firms and Barrons reported yesterday that, "Broadhaven Capital Partners is advising on the auction....Trading Technologies is expected to sell for roughly $500 million....The process is believed to be in the late stages, with a deal near."
Founded in 1994, TT has more than 350 employees across 14 global offices.