Trading Technologies International, Inc. (TT), a leading provider of trading technology for capital markets, has partnered with Thoma Bravo, a major software-focused investment firm managing approximately $184 billion in assets. This partnership comes just over three years after TT was acquired by 7RIDGE in December 2021.
TT's rapid growth has exceeded its initial five-year strategy, achieving key performance indicators (KPIs) in just three years. CEO Justin Llewellyn-Jones noted that this success allowed the company to explore new partnerships to further scale its operations. Following a strategic review in early 2025, TT engaged with several top-tier firms to discuss its growth vision, particularly in multi-asset trading and market digitization. Thoma Bravo was chosen for its proven ability to scale technology businesses and its alignment with TT's roadmap.
The transaction is expected to finalize in the fourth quarter of 2025, pending regulatory approval. Llewellyn-Jones emphasized that this investment is aimed at accelerating TT's growth rather than changing its direction. The partnership will enable TT to enhance its multi-asset platform, addressing the fragmentation in capital markets tools and systems. Clients, especially on the buy-side, have long sought multi-asset solutions and access to new liquidity pools, and this collaboration will help deliver those solutions more rapidly.
TT is also focused on the electronification of over-the-counter (OTC) markets, particularly in fixed income and foreign exchange (FX), where there is a growing demand for sophisticated automated execution tools. Llewellyn-Jones highlighted the momentum in these markets and TT's commitment to developing the necessary tools for clients to capitalize on these changes. The company plans to expand functionality in these asset classes over the next 6 to 12 months.
In addition to enhancing existing capabilities, TT is working on new automation features, including futures options algorithms and pre-trade portfolio risk analytics, to support clients throughout the trade lifecycle. Llewellyn-Jones reassured customers that the change in ownership would not disrupt their experience; instead, they can expect faster delivery of services.
TT aims to become the "operating system for the capital markets," offering a comprehensive and accessible technology ecosystem. Llewellyn-Jones believes that making the platform open to third-party developers and partners will help reduce inefficiencies in global trading infrastructure.
While TT is focused on revenue growth—having doubled in size over the past three years—Llewellyn-Jones stressed that financial metrics are not the sole indicators of success. He highlighted the importance of customer satisfaction (CSAT), staff engagement, and Net Promoter Score (NPS) as critical measures of overall performance.
Looking ahead, Llewellyn-Jones expressed confidence in TT's ability to drive innovation in capital markets. He anticipates an exciting future for the company, stating, "The next few years are going to be a tremendous amount of fun. We’re just getting started."
