Trading Technologies International, a provider of professional trading software, infrastructure and data solutions, has acquired RCM-X, a technology provider of algorithmic execution strategies and quantitative trading products.
TT made the announcement at a session with leaders of many of the largest global financial institutions on the first day of the 2022 International Futures Industry Conference in Boca Raton, Florida. Both firms are based in Chicago.
The agreement represents the first acquisition since TT was acquired by 7RIDGE in December 2021, when the technology firm announced plans to grow the organisation organically and through acquisitions. Terms of the transaction have not been disclosed.
RCM-X offers a broad range of algorithmic execution strategies – designed, tested and developed with its proprietary high-performance technology stack – built by experienced market practitioners and data scientists. The firm also provides comprehensive trade analytics and independent transaction cost analysis (TCA) solutions, as well as back-testing and simulation services.
