7RIDGE Acquires Trading Technologies

Trading Technologies Acquires OpenGamma

December 23, 2025

Data & Analytics

Trading Technologies International (TT) has acquired OpenGamma, a derivatives margin and capital optimization analytics provider. The deal will integrate OpenGamma's margin-optimization tools into TT's multi-asset trading platform to deepen risk and capital-efficiency capabilities and expand distribution to buy-side and sell-side clients worldwide; terms were not disclosed.

Thoma Bravo and 7RIDGE Invest in Trading Technologies

November 10, 2025

Cloud & SaaS

Thoma Bravo has closed an investment in Trading Technologies, joining existing investor 7RIDGE in the company's ownership to support the next phase of platform expansion and product innovation. Terms were not disclosed; advisors to the transaction included Houlihan Lokey and Barclays for Trading Technologies and Ardea Partners and Goodwin Procter for Thoma Bravo.

7RIDGE Acquires American Financial Exchange (AFX)

April 18, 2023

Financial Services

7RIDGE, a specialized growth equity firm, has acquired 100% of the American Financial Exchange (AFX) to accelerate growth of the AFX platform and expand adoption of its AMERIBOR benchmark. The transaction preserves a Cboe Global Markets subsidiary as a service provider to AFX and aims to deepen AFX’s role as a provider of credit-sensitive benchmarks to U.S. banks and financial institutions.

Trading Technologies Acquires AxeTrading

March 8, 2023

Software

Trading Technologies (TT) acquired London-based AxeTrading, a provider of fixed income trading solutions, to expand TT's multi-asset SaaS platform into corporate, government, municipal and emerging market bonds as well as OTC interest rate swaps. The deal broadens TT's offering across fixed income derivatives and U.S. Treasuries, integrating AxeTrading's pricing, quoting and execution capabilities into TT's global platform; terms were not disclosed.

Trading Technologies Acquires RCM-X

March 15, 2022

Software

Trading Technologies (TT) has acquired RCM-X, a provider of algorithmic execution strategies, trade analytics and TCA services, and will integrate RCM-X’s products and team into the TT trading platform. The deal is TT’s first acquisition since TT itself was acquired by 7RIDGE in December 2021 and strengthens TT’s execution-algorithm and analytics capabilities for institutional clients.

Long Ridge and DRW VC Lead Majority Growth Investment in NinjaTrader

January 6, 2020

Software

NinjaTrader, a provider of trading software and brokerage services for active retail futures traders, received a majority growth investment led by Long Ridge Equity Partners with participation from DRW Venture Capital. The capital will be used to accelerate NinjaTrader's product and market expansion while Long Ridge partners join the company's board to support growth.