Trading Technologies Links with KRM22
Posted by Colin Lambert. Last updated: January 5, 2022
In its first move since being acquired by 7Ridge in December, Trading Technologies has invested $6.35 million into capital markets risk management provider KRM22 and entered an agreement to distribute the latter’s products and services.
The companies say the agreement represents “the first stage of cooperation” between them, adding that KRM22’s products will expand TT’s risk management offering. The initial integrated risk service, which will address pre-trade risk, will be available in March the companies say, adding more details will be announced nearer the time.
“The broadening of TT’s risk management capabilities is an important step in the firm’s evolution to providing more comprehensive trade execution services,” says Keith Todd, the recently appointed CEO of TT. “The ease of integration into the robust TT SaaS platform ensures that time to market will be short. This is the first of many third-party services to leverage the TT platform ecosystem to access and add value to the global TT customer base in the months and years ahead.”
TT chief revenue officer Guy Scott, adds, “Our customers are increasingly looking for TT to help improve their end-to-end trading ecosystem, including risk services, across all execution platforms – not only TT. This arrangement with KRM22 accelerates our ability to meet this demand.”