One of the leading companies delivering technical analysis research to traders and investors announced today that it is acquiring Recognia Inc., a firm boasting automated quantitative analysis and engagement solutions. The transaction creates a major global player delivering trader friendly solutions to retail brokers, banks, market professionals and institutions.
The consolidation will facilitate new product development and digital and mobile delivery capabilities at both Recognia and Trading Central, aiming to accelerate their sales and service expansion globally.
Trading Central’s co-founder and CEO, Alain Pellier, said in the company announcement, “Recognia has an impressive track record in the field of quantitative analytics. Our combined company will integrate our products and services to provide our clients with the very best technical and fundamental research and quantitative analytics.”
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Recognia CEO Ken MacAskill added, “Recognia’s latest innovative products are quickly gaining traction in the market, which will be further accelerated with the addition of TRADING CENTRAL’s global expertise and research solutions. Our combined firm will enable us to better help our clients provide their investors and traders with a more engaging experience, plus deliver the ROI they expect from us.”
Recognia will continue to be headquartered in Ottawa, becoming a wholly-owned subsidiary of Trading Central which is headquartered in Paris.
The combined entities will be delivering their services in 27 languages, encompassing instruments across all asset classes with technical and fundamental research, automated quantitative analysis and client engagement solutions.