TT Back on the Acquisition Trail, to Release First KRM Products

Trading Technologies International (TT) has acquired also execution and quant trading technology provider RCM-X – terms of the deal, which is the first since TT itself was acquired by 7Ridge in December 2021, were not disclosed.

“We are moving full speed ahead on our strategic plan, and with this acquisition, have already further expanded the TT trading platform capability within the first three months of 2022,” says Keith Todd, CEO of TT. “This acquisition of RCM-X, with its outstanding team, best-in-class execution tools and superior performance, reflects our commitment to continually broadening our offering. Not only will we make the full suite of popular RCM-X products available to every TT user, but access will be seamless as we fully integrate the service into the TT platform.”

Joe Signorelli, RCM-X CEO, adds, “We’re extremely proud of what we’ve built and accomplished over the years and excited to bring our unique product suite, innovative technology and talented staff to an entirely new level as part of Trading Technologies. TT is deeply embedded in the culture and daily operations of so many firms, and its market access across the globe aligns optimally with both our current footprint as well as the growth of our execution algo business and software distribution. TT clients will soon be able to use and provide their own customers with a breadth of advanced execution algorithms, comprehensive trade analytics and independent TCA services from the TT platform they use every day.”

RCM-X was founded in 2017 by Signorelli to satisfy the demand for institutional execution algorithms in the futures markets and provide a research and development platform for the growing quantitative approach to trading. “I’ve known Joe for a number of years, and the TT team has a successful relationship with RCM-X that goes much further back,” says Todd. “We’ve all been impressed with the team’s deep domain and statistical analysis expertise. This is a perfect fit for us, and it will bring tremendous benefits to our clients and growth to TT.”

Separately, TT says it is integrating the first two KRM22 products since it invested in the firm in January. In the second quarter, TT will launch KRM22 Limits Manager, a limit management system designed to combat time-consuming and potentially error-prone pre-trade risk processes by automating, maintaining and tracking trading limits within an application within the TT Software-as-a-Service (SaaS) platform.

The other new offering, slated for launch in the third quarter, will be KRM22 Risk Manager, a sophisticated, real-time, post-trade risk service which will significantly enhance the risk toolset available on the TT platform, the firm says. It adds the risk scoring system will help traders instantly assess real-time margin and liquidity, creating a new way for futures traders to generate alpha under the most volatile market conditions.