The deal aims to enable buy-side and sell-side clients to replace fragmented legacy vendor stacks.
Trading Technologies International (TT), a global capital markets technology provider, has acquired TRAFiX, a New York-based provider of equities and equity options order and execution management systems (OEMS) with financial information eXchange (FIX) connectivity solutions. The integration will support full multi-asset trading, risk management and order execution The deal expands TT’s multi-asset coverage to global equities and equity options, positioning the firm as one of the