So TMX Group today announced the Trayport acquisition of Visotech. “Today’s announcement marks a significant step forward for Trayport, both in our ability to serve the needs of existing and new clients as markets evolve and in the acceleration of our growth strategy,” said Peter Conroy, President, Trayport. “We look forward to the work ahead with VisoTech’s proven team of experts as we integrate their leading-edge algorithmic design and execution capabilities into Trayport’s client offering across our existing network of brokers, traders and exchanges and the markets we serve.” “The addition of VisoTech to TMX Group fits squarely within our growth strategy, enabling us to augment our global energy business with new innovative products and client solutions, while continuing to increase the portion of our revenue derived from recurring sources,” added Lou Eccleston. “TMX will also work together with VisoTech to explore ways to leverage their capabilities around Artificial Intelligence and data science to other areas, an effort that will include establishing a centre of excellence in Vienna, Austria.”The deal is expected to close in Q2 2019. Founded in 1999, VisoTech provides advanced algorithmic trading solutions to customers in the European spot power and natural gas markets, empowering clients to… continue reading
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