TT Completes Restructuring
Posted by Colin Lambert. Last updated: October 4, 2024
Trading Technologies has made the final move in its structural change programme, with the establishment of a Platform Services business unit.
The firm says it has appointed Jason Shaffer to the role of chief platform officer, he has been with TT for almost 10 years and was previously chief technology officer. TT says Shaffer’s appointment and the establishment of the new unit represents the final organisational change following the establishment of six lines of business – Futures & Options, Fixed Income, FX, Data & Analytics, Compliance and QTS (Quantitative Trading Solutions) – at the start of the year.
At the same time, TT says Vasco Sousa, who has served as chief services officer for nearly two years after joining from ION Group, helping develop the services team and processes, has left the firm to pursue new opportunities.
“TT is an enterprise platform business delivering its array of functionality to support capital markets trading firms,” says Keith Todd, CEO of TT. “This business unit will provide the core platform on which the lines of business will build features and run all operational services. The platform, which has already handled more than 2.5 billion transactions in 2024, is the foundation of and accelerant for our current and future lines of business.”