Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

2yrs ago Hedge Fund hedgeweek Views: 560

Trayport acquires Tradesignal

Submitted 12/05/2021 - 1:53pm

TMX Group subsidiary Trayport Limited (Trayport) is to acquire Tradesignal, a provider of rules-based energy trading and analysis solutions.

“The acquisition of Tradesignal is another milestone in our growth strategy, as we continue to focus on meeting the increasing market demand for data and analytics, to support quantitative and automated approaches to trading,” says Peter Conroy, President, Trayport. “Tradesignal complements Joule, and combined with Trayport’s Data Analytics and autoTRADER solutions, will further enhance decision making and the trading experience. A large number of major European energy market participants are already existing Tradesignal clients, and we look forward to working with the Tradesignal team to offer mutual and new clients the opportunity to harness a full suite of interconnected data & automated trading tools.” 

Tradesignal provides traders, portfolio managers and analysts the capabilities to develop, test and optimise multiple trading strategies, including short-term intraday modelling to yearly portfolio basket based approaches. Users have the ability to create their own strategies or use one of the hundreds of predefined out of the box strategies to maximise opportunities and manage risks. 

“We are excited to announce this agreement with Trayport, allowing us to further integrate our leading-edge and award winning solutions across Trayport’s product offering,” says Jürgen Mittelstaedt, Managing Director, Tradesignal. “We share a long history of successfully working together, first as a Certified Solutions Provider and more recently as the provider of software that underpins Trayport’s existing Joule charting capabilities. This announcement will serve to further strengthen the benefits users receive.”  

The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions and is not subject to regulatory approval.
 

Like this article? Sign up to our free newsletter Tags Deals & Transactions Acquisitions Finance & Insurance Trading & Execution

Today's Hedge Fund Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.