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Trading Technologies acquires TRAFiX to expand into global equities

The deal closed 30 September and will move TRAFiX order and execution systems, plus FIX connectivity, into Trading Technologies cloud platform.

Reported · Written up by our desk · Fund Industry

Trading Technologies said it has acquired equities and equity options trading technology provider TRAFiX, expanding the firm’s multi asset platform into global equities.

According to Hedgeweek, the transaction closed on 30 September and will bring TRAFiX order and execution management systems and FIX connectivity capabilities into Trading Technologies’ cloud based platform, with financial terms not disclosed.

Hedgeweek added that the acquisition extends Trading Technologies’ coverage of futures and options, foreign exchange, fixed income and cryptocurrency markets into equities and equity options.

The company said the combined platform is intended to provide a single architecture for execution and order management, market and FIX connectivity, risk management, analytics, regulatory reporting and trade surveillance, with integration also supporting pre trade and intraday margin analytics.

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