image credit: vecstock / Freepik

Trading Technologies branches out into clearing with acquisition of Ateo

February 13, 2024

Founded in 2000, Ateo specialises in providing post-trade solutions, including post-trade allocation, clearing engine and APIs, for banks, brokers, dealers and the wider trading industry.

The French company has been engaged in a partnership with Trading Technologies since November 2022, a move which integrated its post-trade allocation engine with its partner’s order management system.

Expanding the partnership 14 months later, Trading Technologies – whose platform provides tools for trade execution, surveillance, risk management and infrastructure, among other areas – is set to take over Ateo in a deal it expects to complete by 29 February. Further details of the transaction have not been disclosed.

Read More on FinTech Futures