Trading Technologies International (TT), a global capital markets technology platform provider, is to acquire Abel Noser Solutions (ANS), a provider of transaction cost analysis (TCA) for investment managers, brokers, asset owners and consultants, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners.Â
Terms of the transaction, which is expected to close on 31 August, have not been disclosed.
The acquisition sees TT expand its offering into the multi-asset data and analytics space, further building on its expansion into new asset classes. In June, TT announced the establishment of a new foreign exchange (FX) business line, TT FX, following its entry into the fixed income space in March with the acquisition of AxeTrading.
Abel Noser Solutions provides comprehensive pre-trade, real-time and post-trade TCA products and services to both the buy side and sell side for a range of asset classes, including global equities, FX, futures, fixed income and options. Abel Noser also offers a broad range of compliance reporting, trade surveillance and algorithmic trading solutions.
As a result of the acquisition, Abel Noser’s TCA and regulatory services will be made available to TT clients.
