Trading Technologies acquires fixed income trading platform AxeTrading
Capital markets tech platform provider Trading Technologies (TT) has acquired AxeTrading, a global provider of fixed income trading solutions.
Trading Technologies acquires AxeTrading
AxeTrading provides access to all major fixed income trading venues, and offers customisable pricing and quote management, and automated workflow tools.
The acquisition, for an undisclosed sum, will broaden TT’s multi-asset capabilities, covering corporate, government, municipal and emerging market bonds as well as over-the-counter (OTC) interest rate swaps.
TT CEO Keith Todd says: “The fixed income market represents a major opportunity for TT given its size, considerable growth and ongoing adoption of electronic trading.
“This acquisition is a key element of our strategy to expand beyond listed derivatives and cryptocurrencies, giving us an extensive offering in the fixed income space.”
AxeTrading CEO Greville Lucking says the deal is a “significant game changer”, combining AxeTrading’s fixed income markets tech with TT’s established position in listed derivatives and US Treasuries.
“Leveraging the TT SaaS platform to deliver and distribute a true multi-asset offering is exactly what our customers are seeking.”
Last year, TT acquired RCM-X, a technology provider of algorithmic execution strategies and quantitative trading products. The firm also struck partnership deals with KRM22, Talos, ATEO Finance and Bantix Technologies.
TT says it will expand its product portfolio and asset class coverage through new strategic initiatives in 2023.
