Keith Todd, the CEO of Trading Technologies, spoke with John Lothian News at FIA Boca 2022, where TT made two important announcements.
The first announcement was the KRM-22 risk suite TT added to its platform, which Todd said extends the platform’s risk capability and will be very well received by the community.
Second was TT’s acquisition of RCM-X, a technology provider of algorithmic execution strategies and quantitative trading products, which TT announced on the first day of the conference.
Todd said the RCM-X acquisition is a move that is “really adding to the algo capability of the platform.” TT has had a long term relationship with RCM-X, and “moving all the technology across the firewall, we will be able to create frictionless access to the firewall,” Todd said.
Todd became the CEO of Trading Technologies when it was acquired by 7Ridge in December 2021 and he said being the CEO of TT is even better than he expected.
“The team is stronger, the goodwill from the customer base is incredible and the prospect list is huge,” he said.
He talked about the “incredible” spike in volatility and the demonstrated need to do more to ensure capacity planning. “We need to take it to another level,” he said.
One thing that is central to TT is SaaS – Software as a Service. “Frankly, I would not be CEO of TT if it was not a SaaS company. Why is SaaS important? It’s not just a theory – it’s good for customers, it’s lower cost, it’s good for investors. Because you have one platform. And it’s good for people who work for the company. SaaS is the present and the only future,” Todd said.
He said TT will have a significant number of announcements later in the year, the reason being that “I believe very clearly the opportunity is now for TT to take advantage of where the markets are today and the history of what created this cost and complexity, so people can relieve themselves of the excess costs they don’t need, to be able to grow their own business. So you’ll see a lot more announcements which will broaden the range of offerings we have.”