M&A

The acquisition will bolster TT’s platform with the addition of a new product suite of algorithmic execution strategies, trade analytics and TCA services.

Exchange says the acquisition would add digital assets trading to its roster and enhance its trading and banking solutions business across Asia, North America and Europe.

The deal merges key open-source capital markets software capabilities, highlighting the growing trend of financial services firms taking control of their own technology from vendors.

Firm is the latest independent broker to be involved in potential M&A.