RCM-X Acquired by Trading Technologies

What are you supposed to feel when one of your loved ones graduates college or gets that new job they need to move away for; Proud? Sad? Likely a little bit of both.

That’s the emotions we’ve had since last week when it was announced that RCM’s trading technology (small “Ts”) focused affiliate RCM-X was acquired by industry bellwether Trading Technologies (large “Ts”), or TT as it’s known in the biz. Here’s a bit from the TT press release:

The agreement represents the first acquisition since TT was acquired by 7RIDGE in December 2021, when the technology firm announced plans to grow the organization organically and through acquisitions. The terms of the transaction were not disclosed.

Keith Todd, CEO of TT, said: “We are moving full speed ahead on our strategic plan, and with this acquisition, have already further expanded the TT trading platform capability within the first three months of 2022. This acquisition of RCM-X, with its outstanding team, best-in-class execution tools, and superior performance, reflects our commitment to continually broadening our offering. Not only will we make the full suite of popular RCM-X products available to every TT user, but access will be seamless as we fully integrate the service into the TT platform.” 

RCM-X was launched as a subsidiary of RCM Alternatives in 2017 to provide trading technology and risk management services to the professional trading and investment management space. The company controls a library of execution algorithms available via front end platforms, builds custom algorithms for clients with unique parameter needs, and sells and supports the implementation of its Strategy Studio software for those looking to design a solution themselves.

And RCM has poured its heart and soul into making RCM-X a success, helping enlist some of the world’s largest Commodity Trading Advisors (CTAs), banks, and trading firms as clients. That hard work and recognition of RCM’s quality across all of its business units (RCM Alts, RCM China, RCM AG, and RCM Securities) are reflected in TT making the decision to continue to operate the execution algos as RCM-X under the TT label.

“RCM-X has had a strategic relationship with TT over the last few years…” Bobby Schwartz, the Managing Partner at RCM Alts, stated. “Both companies focus on the same clients, such as banks, funds, and commercials, so this acquisition will enable RCM-X/TT to win more business as one seamless platform collectively.”

But now, it’s time to say somewhat of a goodbye, but likely more of a “til next time.”

“We will still be working closely together to continue our strategic relationship, and the RCM-X team will always feel like a part of the RCM family,” stated Schwartz. “Undoubtedly, RCM-X Algos are the best in breed within this industry and have played a big part in RCM’s success.”

“After years of hard work, dedication, and building those special relationships, this is a remarkable opportunity that awaits,” said Schwartz. The RCM team is very pleased, proud, and excited for RCM-X’s next adventure and looking forward to seeing what the future has in store —Congratulations, RCM-X! 

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