01.06.2023

Outlook 2023: Keith Todd, Trading Technologies

01.06.2023
MTS Expands in European-Denominated Corporates

Keith Todd is CEO of Trading Technologies.

Keith Todd

What were the key themes for your business in 2022?

Certainty and momentum. The completion of our acquisition by 7RIDGE last December brought reassurance to our clients that our future was certain and indeed very bright. Rather than being in the position of an acquisition target, we are now in the driver’s seat, with resources to grow the business, partner strategically and acquire complementary entities that could bring further value to our client base.

We’ve experienced significant momentum throughout the year, including providing our clients with valuable new risk, post-trade allocation and algorithmic execution tools through strategic partnerships with KRM22 and ATEO Finance and our March acquisition of RCM-X. We integrated the RCM-X algo offering, now called TT Premium Order Types, into the TT platform and expanded coverage to include four major Asia-Pacific exchanges. We forged another strategic partnership with Talos to give our clients interested in trading digital assets greater connectivity and infrastructure opportunities. And that’s only the beginning of our journey.

We’re also seeing momentum in growth and profitability throughout the year – at levels even greater than we were targeting.

What was the highlight of 2022?

For me, the highlight has been getting to know our incredibly talented people throughout the world who are fully committed to giving our clients the best possible user experience, growing the business and contributing new ideas. We have a clear vision and mission, and our team has been fully engaged and energized, with the opportunity for everyone to contribute in a meaningful way.

What are your expectations for 2023?

We have a very ambitious agenda and are looking to accelerate our growth even further. I expect that you’ll see significant progress in our expansion into new asset classes as we have a lot of interesting irons in the fire, along with tools to support these asset classes and differentiate ourselves from anything else on the market.

Many of the largest financial institutions in the world already actively use the TT platform, and they are quite amenable to being able to rely on a trusted, approved vendor for more streamlined, best-in-class products and services that help them achieve their broader trading goals and much-needed efficiencies. We’ve already proven in 2022 that our Software-as-a-Service model and hybrid-cloud infrastructure make it extremely easy for our clients to simply turn on new features or access an entirely new offering that has been integrated into our platform. We have plans to do a lot more of this in 2023 and also encourage innovative technology providers of complementary services to reach out to us so we can explore synergies.

We expect to add about 15% to our employee base in the coming year throughout our key regions of the Americas, EMEA and APAC, with an emphasis on growing our business throughout each region.

We’ve established a service management team to ensure that the quality of our service, which has improved significantly in 2022, is unparalleled in the industry, and that we are constantly improving our communications with clients. We also established a team focused on user experience and training. Our clients will begin to see the fruits of this in 2023, as we help ensure that they are making the most out of our platform and learning to understand and use additional features and functions that can optimize their trading experience.

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