Trayport acquires Tradesignal

TMX Group subsidiary Trayport Limited (Trayport) is to acquire Tradesignal, a provider of rules-based energy trading and analysis solutions.

“The acquisition of Tradesignal is another milestone in our growth strategy, as we continue to focus on meeting the increasing market demand for data and analytics, to support quantitative and automated approaches to trading,” says Peter Conroy, President, Trayport. “Tradesignal complements Joule, and combined with Trayport’s Data Analytics and autoTRADER solutions, will further enhance decision making and the trading experience. A large number of major European energy market participants are already existing Tradesignal clients, and we look forward to working with the Tradesignal team to offer mutual and new clients the opportunity to harness a full suite of interconnected data & automated trading tools.” 

Tradesignal provides traders, portfolio managers and analysts the capabilities to develop, test and optimise multiple trading strategies, including short-term intraday modelling to yearly portfolio basket based approaches. Users have the ability to create their own strategies or use one of the hundreds of predefined out of the box strategies to maximise opportunities and manage risks. 

“We are excited to announce this agreement with Trayport, allowing us to further integrate our leading-edge and award winning solutions across Trayport’s product offering,” says Jürgen Mittelstaedt, Managing Director, Tradesignal. “We share a long history of successfully working together, first as a Certified Solutions Provider and more recently as the provider of software that underpins Trayport’s existing Joule charting capabilities. This announcement will serve to further strengthen the benefits users receive.”  

The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions and is not subject to regulatory approval.