Trading Technologies International, Inc. (TT) has unveiled two new lines of business, TT Compliance and TT Quantitative Trading Solutions (QTS), as part of the company's expansion into new asset classes. These dedicated lines build on TT's existing offerings in trade surveillance and algorithmic/quantitative trading, supported by recent acquisitions of Abel Noser Solutions and RCM-X.

TT's New Business Lines to Meet Multi-Asset Demands

TT Compliance will focus on trade surveillance, leveraging TT Score and Abel Noser's Compliance+, while TT QTS, led by Joe Signorelli, will offer a broader multi-asset algorithmic trading suite.

TT Compliance will harness TT Score and Abel Noser's Compliance+ to provide a multi-asset class surveillance platform in collaboration with KRM22 plc. Scheduled for delivery in Q2 2024, this platform will be led by Ted Morgan who transitions from his role as COO of Abel Noser to EVP Compliance on Jan. 1. TT CEO Keith Todd emphasizes the increasing importance of compliance and trade surveillance across asset classes amid global regulatory scrutiny.

TT QTS expands TT's quantitative trading solutions. Building on RCM-X technology, it includes TT Premium Order Types, TT Strategy Studio, and a suite of quantitative solutions for fixed income trading, starting with U.S. Treasuries. The forthcoming acquisition of START, a broker-neutral trade optimization platform, from Abel Noser LLC will further enhance TT QTS, integrating it into the TT platform.

“We are calling the new business line QTS to underscore that our team is not just developers building algos. These professionals are experts in data science and analytics, along with trading and risk management in multiple asset classes, on top of their coding and development skills,” said Todd. “We’re excited to further expand into new asset classes and bring our award-winning tools to a broader user base as we continue to grow our multi-asset offering.”

The introduction of TT Compliance and TT QTS is part of TT's reorganization into six distinct lines of business to support clients' multi-asset needs. The other lines include TT Futures & Options, TT Fixed Income, TT FX, and TT Data & TCA. All business line leaders will report to COO Justin Llewellyn-Jones, while Nick Garrow assumes the role of Chief Revenue Officer, driving revenue growth across regions and business units.

TT Expands into Forex with TT FX Business Unit Launch

Finance Magnates reported that TT has entered the foreign exchange industry with the launch of TT FX, its new business unit. The platform will introduce its offerings in phases, initially enabling buy-side clients to trade spot FX through electronic communication networks. In the next phase, TT FX plans to include liquidity from major banks and expand its product set to cover forwards, non-deliverable forwards, and swaps. This move follows Trading Technologies' acquisition of AxeTrading in March.