Trading Technologies (TT) has announced the successful acquisition of the START platform from Abel Noser Holdings, marking a significant step in enhancing its service offerings. The acquisition of this broker-neutral trade optimization platform underscores TT’s commitment to providing clients with advanced tools for trade execution and transaction cost analysis.
A Strategic Acquisition Process
The acquisition journey began on August 31, 2023, when TT secured Abel Noser Solutions, a leading provider of transaction cost analysis services catering to investment managers, brokers, asset owners, and consultants. The recent completion of the START platform acquisition represents the second and critical phase in TT’s broader strategy to integrate cutting-edge services into its technology platform.
With the integration of START, TT is poised to offer more robust and comprehensive solutions, enabling clients to optimize their trade execution and gain deeper insights into transaction costs. This move is part of TT’s ongoing efforts to strengthen its position as a leader in the technology platform space.
David Solo, a member of TT’s Board of Directors, played a key role in steering the negotiations, ensuring a smooth acquisition process. Legal and financial advisory support was provided by Foley & Lardner LLP and Ardea Partners LP, respectively.
Enhancing Client Services through Strategic Integration
The incorporation of the START platform is expected to provide TT’s clients with enhanced tools to manage and optimize their trading activities effectively. Abel Noser Holdings was advised by Seward & Kissel LLP during the transaction, ensuring a seamless process for all parties involved.
Earlier this year, TT further expanded its capabilities with the acquisition of ATEO SAS, a provider of post-trade solutions for listed derivatives. This acquisition allowed ATEO to operate within TT’s data centers, offering clients access to a global order management system and other post-trade services, including trade matching and clearing across global clearing houses.
