Holding Pattern: As Trading Technologies awaits new owner, the vendor adjusts development strategy

The Chicago-based futures trading platform recently rolled out a new OMS offering, while other projects, like its Echo Chamber market data platform, have been put on pause until a sale goes through.

The rumors that Trading Technologies (TT) was set to be acquired began last year, and the reports pegged Goldman Sachs as the leading candidate to buy the futures trading platform provider—and then those talks fell apart.

Even with that setback, the vendor, which is partly owned by Chicago-based investment firm The FSB Companies, is still very much on the block to be sold—and sources have indicated that a sale will likely happen soon, though the buyer’s identity so far remains a mystery. This

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Firms step up non-compete use to protect tech, data IP

US states are increasingly banning or limiting the use of non-compete contracts, but financial firms are using them more frequently to safeguard proprietary tech and data assets—including the knowledge of the individuals who work on them.

Waters Wrap: Examining ASX’s CHESS do-over

The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.

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