TMX GROUP ANNOUNCES TRAYPORT ACQUISITION OF VISOTECH

London-based connectivity platform for European wholesale energy markets to add leading short-term and algorithmic trading solutions May 9, 2019 (TORONTO and LONDON) – TMX Group Limited (TMX Group) today announced that Trayport Limited, a wholly owned subsidiary of TMX Group has entered into an agreement to acquire Vienna-based VisoTech, a leading provider of European short-term energy trading solutions. “Today’s announcement marks a significant step forward for Trayport, both in our ability to serve the needs of existing and new clients as markets evolve and in the acceleration of our growth strategy,” said Peter Conroy, President, Trayport. “We look forward to the work ahead with VisoTech’s proven team of experts as we integrate their leading-edge algorithmic design and execution capabilities into Trayport’s client offering across our existing network of brokers, traders and exchanges and the markets we serve.” Founded in 1999, VisoTech provides advanced algorithmic trading solutions to customers in the European spot power and natural gas markets, empowering clients to use VisoTech’s predefined algorithms to develop their own customized trading strategies. These capabilities, when integrated with Trayport’s core trading screen, Joule, will enable Trayport to address the increasing market demand for intra-day trading of energy products as the shift to… continue reading

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