01.05.2022

Trading Technologies Invests in KRM22

Trading Technologies invests $6.35 million in KRM22; enters into distribution agreement for risk management products

 

CHICAGO, Jan. 5, 2022 – Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, infrastructure and data solutions, confirmed today that it has invested $6.35 million in KRM22 plc (AIM: KRM), the technology and software investment company that focuses on risk management for capital markets. This is the first investment TT has made since its acquisition by 7RIDGE in late December.

 

In addition, TT has entered into a distribution agreement to market and distribute KRM22 risk management products. The products will leverage TT’s Software-as-a-Service (SaaS) platform ecosystem and significantly expand the firm’s risk management offering. The initial integrated risk service offering is anticipated to address pre-trade risk and will be available for TT clients to use in March, with details to be announced.

 

The investment and distribution agreement represent the first stage of cooperation between TT and KRM22.

 

Keith Todd, the new CEO of Trading Technologies, said: “The broadening of TT’s risk management capabilities is an important step in the firm’s evolution to providing more comprehensive trade execution services. The ease of integration into the robust TT SaaS platform ensures that time to market will be short. This is the first of many third-party services to leverage the TT platform ecosystem to access and add value to the global TT customer base in the months and years ahead.”

 

TT Chief Revenue Officer Guy Scott said: “Our customers are increasingly looking for TT to help improve their end-to-end trading ecosystem, including risk services, across all execution platforms – not only TT. This arrangement with KRM22 accelerates our ability to meet this demand.”

 

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 proprietary traders, brokers, money managers, Commodity Trading Advisors (CTAs), hedge funds, commercial hedgers and risk managers. In addition to providing access to the world’s major international exchanges and liquidity venues via its TT® trading platform, TT offers domain-specific technology for cryptocurrency trading and machine-learning tools for trade surveillance.

 

Related articles

  1. SwapClear Reports Swap Compression

    A change in focus from gross to net exposure means more demand for optimisation and compression to work in tan...

  2. BIS Warns on Asset Management

    24 of the 35 LIBOR setting will no longer be available from 1 January 2022.

  3. RQD said it offers the first clearing platform built entirely on cloud-native, real-time technology.

  4. Basel Committee Consults on Interest-Rate Risk

    The conversion of these contracts represents a significant milestone in the LIBOR transition.

  5. SwapClear Reports Swap Compression
    From The Markets

    LSEG to Buy Quantile Group

    The exchange will expand post-trade risk management through trade compression; capital & margin optimisation.