The primary network and platform for European wholesale energy markets to acquire a leading systematic and technical charting solutions provider
May 11, 2021 (LONDON) – Trayport Limited (Trayport), a wholly owned subsidiary of TMX Group, today announced that it has entered into an agreement to acquire Tradesignal, a leading provider of rule-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,” said 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,” said 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.
About Trayport Limited
Trayport is the primary network and platform for European wholesale energy markets. Our network and solutions support the growth of our clients and trading markets. Our solutions are used worldwide by traders, brokers and exchanges in multiple asset classes across OTC and cleared markets. Trayport Limited is a wholly-owned subsidiary of TMX Group Limited (TMX Group). For more information about Trayport Limited, visit our website at www.trayport.com.
Tradesignal, based in Bremen, Germany, has been one of the leading software solutions providers for the international financial and energy market for over 20 years. The company is highly regarded for its development of software solutions for rule-based trading and technical chart analysis. The Tradesignal solution has won multiple awards, including recently being recognised as the winner in the ‘Best Technical Analysis Platform’ category at this year’s Technical Analyst Awards 2021. An award it also received in 2020 and 2019.
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