The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

ACTIV Financial Finds Buyer in the Form of Options Technology

Hot on the heels of its acquisition of Fixnetix earlier this year, Belfast-based trading IT and infrastructure provider Options Technology has reached an agreement to acquire market data vendor ACTIV Financial for an undisclosed sum. The deal, aimed to further support Options’ growth strategy through the addition of ACTIV’s real-time, delayed, historical and enriched multi-asset financial market data to Options’ core services, is backed by Boston-based private equity firm Abry Partners, whose investment in Options last year was rumoured to be in excess of $100 million.

“In the first three or four years of our existence, it would have been ACTIV or Fixnetix buying us,” says Options CEO Danny Moore. “Since then, we’ve scaled and built a really tight, profitable business and strong management team. You need a lot of things in place if you want to make successful acquisitions, so we held off until we thought the time was right. And we really like ACTIV because they’re one of the strongest emerging companies in the market data business, and like us, they’re global. So they’re a great fit.”

There are clear synergies. “Options is already a vendor of record, with redistribution contracts for every major global exchange,” says Moore. “But until now, that’s just been raw data, we’ve been firmly in the low latency electronic trading space. ACTIV allows us to leverage that infrastructure and move further up the stack. We’ve already got the exchange contacts, the connectivity and the low latency infrastructure to move data around the world. This will provide that consolidated feed layer on top.”

For ACTIV clients, there will be no immediate change in the short term, says Moore, but the benefits of the acquisition will become clear over time. “In the medium term, we want to focus on getting more content onto the platform. Our big idea is to create an ‘app store’ for market data. We want to provide a platform that is really easy for people to publish data onto. We’ve got the global distribution, we know how to normalise data, we’ve got the reporting side and the commercial side. We now want to go into the business of helping people with interesting datasets monetize that data.”

Moore says Abry Partners provided essential support for the deal. “They’re a high-quality outfit when it comes to buying things,” he says. “We like to think of ourselves as a high-quality management team and we’re very strong in terms of integrating. And as long as we continue to do high quality integrations, they’re happy to support us.” With the acquisition of ACTIV, Options will now have over 400 employees globally.

Related content

WEBINAR

Recorded Webinar: Learning from MiFID II for CAT reporting and data management

Don’t miss this opportunity to view the recording of this recently held webinar. Compliance with the SEC’s Consolidated Audit Trail (CAT) regulation is just over 18 months away, meaning broker dealers within the scope of the regulation need to get started on their response. Like Markets in Financial Instruments Directive II (MiFID II), CAT reporting...

BLOG

UOB Deploys Chronicle EFX for Electronic FX Pricing and Trading

Asian bank United Overseas Bank (UOB) has deployed Chronicle Software’s EFX solution in Singapore to power its FX pricing and trading engine. By deploying EFX and taking advantage of reduced latency via colocation connectivity, UOB aims to improve price discovery to provide customers in the ASEAN region and across its global network with access to...

EVENT

RegTech Summit Virtual (Redirected)

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...