Trading Technologies Restructures with New Platform Services Unit

Trading Technologies (TT), a provider of global capital markets technology platforms, has announced a significant organisational change with the creation of a new Platform Services business unit. This move consolidates the company's global Product Development and Services teams into a single group.

The restructuring comes as the final step in a series of organisational changes that began earlier this year when TT established six distinct lines of business: 
 

▪️ Futures & Options

▪️ Fixed Income

▪️ FX

▪️ Data & Analytics

▪️ Compliance 

▪️ Quantitative Trading Solutions (QTS).

As part of this restructuring, Jason Shaffer has been appointed to the newly created position of Chief Platform Officer. In this role, Shaffer will lead the integrated Platform Services unit.

TT CEO Keith Todd explained the rationale behind the move: "TT is an enterprise platform business delivering its array of functionality to support capital markets trading firms. This business unit will provide the core platform on which the lines of business will build features and run all operational services."

Todd highlighted the platform's significance, noting that it has already processed more than 2.5 billion transactions in 2024. He described it as "the foundation of and accelerant for our current and future lines of business."

The company also announced that Vasco Sousa, who has served as Chief Services Officer for nearly two years, left TT at the end of September to pursue other opportunities. During his tenure, Sousa played a key role in developing the company's services team and processes.

Trading Technologies has made a number of significant acquisitions in each of these 6 lines of business over the past few years, with the acquisition of Neurensic in October 2017, an AI regtech solution for trading, compliance, surveillance and banking; RCM-X, a technology provider of algorithmic execution strategies and quantitative trading products in March 2022; Axe Trading a fixed income trading solutions provider in March 2023; Abel Noser, a provider of transaction cost analysis (TCA) in August 2023; ATEO, a provider of post-trde solutions for listed derivatives.

This restructuring appears to be part of TT's strategy to streamline its operations and enhance its ability to serve capital markets trading firms. The creation of the Platform Services unit suggests a focus on providing a robust, centralised platform to support the company's various business lines.