Insights

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.

About Foley & Lardner LLP

Foley & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.

AUTHOR(S):
POSTED:

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome.