Trading Technologies to be acquired by 7RIDGE

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Enables continued expansion of its cutting-edge technology platform to become the operating system for capital markets, preserving TT’s independence

CHICAGO, November 1, 2021 / PRNewswire / – Trading Technologies International, Inc., (TT), a global provider of professional high-performance trading software, infrastructure and data solutions, today announced that the company has agreed to be acquired by 7RIDGE, a growth capital company invested in transformative technologies. 7RIDGE will fuel the organic growth of Trading Technologies and enable the company to make targeted strategic acquisitions going forward. Cboe Global Markets, Inc. (Cboe: CBOE) and Singapore Exchange (SGX), which are sponsors of the fund managed by 7RIDGE, have expressed support for the transaction. Terms of the transaction, which is expected to be finalized before year-end subject to regulatory approvals, were not disclosed.

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7RIDGE’s acquisition of Trading Technologies recognizes the company’s 27-year leadership position in derivatives trading software, the value of its new industry-leading Software-as-a-Service (SaaS) platform, TT ®, and the Talent of Trading The global Technologies team, which spans 13 offices on four continents. Under this new ownership, Trading Technologies will remain independent and focused on providing innovative, enterprise-wide solutions for institutional and professional trading.

Tim genanopulos, Chairman of the Board and CEO of Trading Technologies, said: “We have sought the right strategic partner to help Trading Technologies realize the enormous potential of our pioneering new technology platform and accelerate the expansion of the business. business and product roadmap. Maintaining the independence of the firm will allow us to retain the incredible talent within our organization and further strengthen our relationships as a valuable ally with our clients, partners and industry. We are delighted that 7RIDGE and its strategic sponsors, including global exchanges Cboe and SGX believe in the future of our business and in our vision to become the operating system for capital markets. “

Shortly after the acquisition closes, Geannopulos is expected to step down from his current role while remaining actively engaged in the business. It is expected that Keith todd will then be appointed CEO of TT to lead the company as it embarks on this next phase of growth. Todd has over 20 years of leadership in the financial markets technology industry with FFastFill, ION and currently KRM22.

Todd said, “Trading Technologies has built an exceptional global customer base and excellent relationships with exchanges around the world, along with robust technology and a dedicated and experienced team. The company has an aggressive track record for product and market expansion. I strongly believe in the power of SaaS to provide customers with better technology, greater cost savings, and more efficient use of resources. I am excited about this opportunity to lead TT into its next phase of transformation with its exceptional new SaaS platform from 7RIDGE growth capital. “

Carsten Kengeter, Founder of 7RIDGE, said: “We thank TT shareholders for choosing us and look forward to accelerating the company’s dedicated contribution to the success of its customers and users. Professional derivatives trading platform that will bring new efficiencies and new strength to the global financial system. Our own operating experience and that of our sponsors will strengthen TT’s position as a capital markets operating system. “

TT was advised on the transaction by Broadhaven Capital Partners and Sullivan & Cromwell LLP.

About trading technologies
Trading technologies (www.tradingtechnologies.com, @Trading_Tech) creates professional trading software, infrastructure and data solutions for a wide variety of users, including owner traders, brokers, fund managers, Commodity Trading Advisors (CTAs), hedge funds, business hedgers and risk managers. In addition to providing access to the world’s leading international exchanges and liquidity platforms through its TT® trading platform, TT offers domain-specific technology for cryptocurrency trading and machine learning tools for monitoring of trade.

SOURCE Trading Technologies

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