Capital markets technology vendor Trading Technologies has reached an agreement to acquire Abel Noser Solutions (ANS), a company specializing in transaction cost analysis for investment managers, brokers, asset owners, and consultants. The financial details of the transaction have not been disclosed.
This acquisition marks Trading Technologies’ expansion into the multi-asset data and analytics sector, building on its recent efforts to diversify into new asset classes. Notably, in June, the company launched a foreign exchange business line, following its entry into the fixed income market in March with the acquisition of AxeTrading.
Abel Noser Solutions offers a comprehensive range of pre-trade, real-time, and post-trade transaction cost analysis products and services for both buy-side and sell-side clients, covering various asset classes such as global equities, foreign exchange, futures, fixed income, and options. Additionally, Abel Noser provides extensive compliance reporting, trade surveillance, and algorithmic trading solutions.
These transaction cost analysis and regulatory services will be made accessible to Trading Technologies clients, with plans to integrate Abel Noser’s analytics into the Trading Technologies platform over time.
Trading Technologies is purchasing ANS from agency brokerage Abel Noser Holdings, a company that is primarily owned by Estancia Capital Partners.
In a related move, Trading Technologies will acquire Start, a broker-neutral trade optimization platform, from Abel Noser in early 2024.
Keith Todd, CEO of Trading Technologies, commented on the acquisition: “This acquisition enhances our appeal to the buy side with an offering that spans multiple asset classes, which we can fortify with the wealth of anonymized data harnessed through our platform.”