Foley Represents Trading Technologies in Acquisition of Abel Noser Solutions
Foley & Lardner LLP represented Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, in its acquisition of Abel Noser Solutions, LLC, an industry-leading provider of transaction cost analysis (TCA) for investment managers, brokers, asset owners, and consultants, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners.
The acquisition represents Trading Technologies’ extension into the multi-asset data and analytics space, further building on its expansion into new asset classes beyond listed derivatives. In June, Trading Technologies announced the establishment of its new foreign exchange business line, TT® FX, following its entry into the fixed income space in March with the acquisition of AxeTrading.
Abel Noser provides comprehensive pre-trade, real-time, and post-trade TCA products and services to both the buy and sell sides for a range of asset classes, including global equities, foreign exchange, futures, fixed income, and options. The company also offers a broad range of compliance reporting, trade surveillance, and algorithmic trading solutions.
As a result of the acquisition, Abel Noser’s TCA and regulatory services will be made available to Trading Technologies’ clients. Abel Noser’s clients will be able to leverage the comprehensive services and functionality of the Trading Technologies platform.
The Foley deal team was led by partner Patrick Daugherty and included partners Kathryn Trkla and Lisa Conmy, senior counsel Michael Bresnahan, and associates Eric Lauria-Banta and Mary Garner.
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