Trading Technologies (TT) has acquired equities and equity options OEMS and FIX connectivity solution provider, TRAFiX.
Justin Llewellyn-Jones
The transaction – which finalised on 30 September 2026 – expands TT’s coverage across every major asset class, including futures, FX, fixed income and global equities, within a single, cloud-native platform.
Prior to the deal, TT’s offering covered US equities options, however this did not include connectivity and functionality for all major venues.
Specifically, by integrating TRAFiX, TT is able to bring a single end-to-end global multi-asset trading platform to market, which provides EMS and OMS tools, alongside FIX and market connectivity, multi-asset risk management, analytics, regulatory reporting, multi-asset trade surveillance and compliance workflows and pre-trade and intra-day margin analytics.
Speaking to The TRADE to explain the drivers behind the acquisition, Walter Fitzgerald, co-founder and chief executive of TRAFiX, pointed towards growing demand from clients to add futures to TRAFiX’s offering, as well as equities on the TT platform.
He added: “If each of us had tried to build those on our own, it would have been years in the making, and even then, extraordinarily difficult to offer the scale that each of us has built over time.
“TRAFiX set out early on to design an industrial strength, flexible architecture to give customers new functionality and the ability to rapidly take advantage of updates to the system while solving the many pain points market participants struggled to overcome. And those customers really embraced what we brought to market. This was not something their incumbent vendors offered. What brought us together – an additional pain point – was their desire to have all asset types under one roof.”
By creating a single streamlined workflow across the trade life cycle, both firms are also looking to support firms, by removing the need for legacy systems, or moving across multiple platforms to trade between asset classes.
Read more – Trading Technologies to step into prediction markets
In addition, Justin Llewellyn-Jones, chief executive of TT, also commented, speaking to The TRADE: We’re very proud that with this acquisition, we now cover every major asset class that our clients trade. Our origins are in futures and options on futures, and we established the firm as the go-to platform in that space.”
He also indicated where future developments may lie, stating: “We’re now adding prediction markets to our offering too and strengthening our digital asset capabilities. There’s no doubt that there will be more that will be introduced in the coming years, and as always, TT will be where our clients want us to go.”
Llewellyn-Jones also confirmed that the integration is expected to be completed within a year.
Currently, TT provides connectivity to more than 100 venues across the world, alongside 800 customer firms and in excess of 12,000 users.
Similarly, TRAFiX’s offering supports more than 200 customer firms, and enables connections to more than 100 separate market venues.