TT and ATEO Partner for Post-Trade Allocations
Posted by Colin Lambert. Last updated: November 14, 2022
Trading Technologies (TT) and post-trade solution provider ATEO Finance, have announced a strategic partnership to deliver a fully integrated, comprehensive post-trade allocation service for sell-side banks, brokers and futures commission merchants (FCMs).
The new service – fully integrated with TT’s order management system and global market access platform – supports a range of both file-based and FIX-based allocation instructions using matching rules, algorithms and routing logic, built by TT and ATEO. The firms say it responds to the needs of sell-side customers, delivering post-trade allocations across a wide range of allocation scenarios, including average price, best fit near average and client-calculated average price.
The service is offered natively on the TT platform to deliver allocation details to the institution’s middle office and post-trade processing systems. Client allocation confirmations can be delivered via FIX, email or PDF exports.
The partnership includes plans for the firms to cooperate closely on product enhancements and developments, and builds on a multi-year relationship between the two that has enabled TT customers to access certain ATEO post-trade allocation services.
“In partnering with ATEO, we have further enhanced our OMS, and when combined with the full TT suite of products and services, we can offer an unmatched value proposition,” says Keith Todd CEO of TT. “Customers will also benefit from a service that is fully hosted by TT and made available through a single licensing, commercial and support agreement with TT.”
ATEO CEO Laurent Courbin adds, “This agreement brings together two industry veterans who established ourselves as market leaders and innovators in our respective space over the past 20+ years. Combining the TT OMS with ATEO’s post-trade capabilities delivers a best-in-class suite of products. Customers can now benefit from our dedicated expertise while leveraging an extended pool of resources, knowledge and services.”