Trading Technologies buys TRAFiX, adding an equities and equity options OEMS to its futures-led platform

Trading Technologies International (TT) acquired TRAFiX LLC on 30 September 2026. TRAFiX, based in Mineola, New York, sells order and execution management systems (OEMS) for equities and equity options, together with FIX connectivity. TT’s announcement said the transaction closed that day. Terms were not disclosed.

What TT is adding

TT’s platform has its roots in listed futures and options execution. It has since added fixed income, foreign exchange and cryptocurrency trading. TRAFiX adds global equities and equity options.

TT says the combined platform will offer:

• EMS and OMS tools
• FIX and market connectivity
• multi-asset risk management, analytics and regulatory reporting
• multi-asset trade surveillance and compliance workflows
• pre-trade and intraday margin analytics

All of it will run on a single cloud-native platform. TT says this will let clients replace “fragmented legacy vendor stacks” and reach liquidity providers in exchange-traded and OTC products through one connectivity layer.

Who TRAFiX serves

TT chief executive Justin Llewellyn-Jones said TRAFiX is “trusted by more than 200 customers globally, with connectivity to more than 100 trading venues”. TRAFiX co-founder and chief executive Walter Fitzgerald said its users include broker-dealers, asset managers and proprietary trading firms. He said it offers low-latency execution, real-time data visibility and compliance tools in one workflow.

Llewellyn-Jones called the deal “transformational for TT”. He described what clients will get “with TRAFiX fully integrated into the TT platform”, but the release does not say when that integration will be finished.

Advisers and owners

TRAFiX’s advisers were:

• Houlihan Lokey, lead financial adviser
• Marks Baughan, co-adviser
• Willkie Farr & Gallagher, legal adviser

TT’s advisers were Berenson & Company (financial) and Goodwin Procter (legal). TT says it is owned by Thoma Bravo and 7RIDGE.

Why it matters

Analysis.

• A gap in TT’s asset coverage. TT’s own description of its platform lists futures, options, fixed income, FX and crypto, and the release presents equities and equity options as the new coverage. TT clients that trade, for example, index futures against single-stock or options baskets have needed a second vendor for the equity leg. TT is now pitching one system for both.
• Connectivity counts as much as screens. TT’s chief executive cited TRAFiX’s connectivity to more than 100 trading venues. For a desk weighing a single vendor, that breadth of venue and broker connectivity matters as much as the trading screen.
• Customers and migration. TRAFiX users will want to know how long the standalone product will be supported and on what terms they move to TT. The release does not say.

What we are watching

• Whether TT publishes a product roadmap and timetable for moving TRAFiX customers onto the TT platform.
• Any TT pricing changes for equities workflows.

Added 1 Nov 2026 to the Market Structure section; dated to the event, not published at the time.

Sources

• Trading Technologies Acquires TRAFiX, Expanding Multi-Asset OEMS Coverage to Global Equities and Equity Options, Trading Technologies, 30 Sep 2026