Thoma Bravo, a leading private equity firm known for its focus on software and technology investments, is reportedly set to acquire a significant stake in Trading Technologies International Inc., a Chicago-based financial markets platform. The deal, still under negotiation, is valued at over $1 billion, according to people familiar with the matter.
An official announcement could arrive as soon as Wednesday, though the agreement is not yet finalized and discussions could still change course. If completed, Thoma Bravo would become a major investor alongside 7Ridge, the private equity firm that took majority ownership of Trading Technologies in 2021. All involved parties—Thoma Bravo, Trading Technologies, and 7Ridge—have so far declined to comment publicly.
Trading Technologies has undergone a notable transformation in recent years, evolving from a specialist in derivatives trading software to a broad-based platform supporting a global clientele that includes banks, hedge funds, brokerages, and proprietary trading firms. Under 7Ridge’s leadership, the company has expanded into new asset classes such as forex, fixed income, and cryptocurrency, while also enhancing its offerings in market surveillance and data analytics.
In March 2025, the company appointed industry veteran Justin Llewellyn-Jones as CEO, bringing leadership experience from top roles at Broadridge and ION.
Should the investment proceed, it would represent another strategic bet by Thoma Bravo in the fast-growing fintech sector. The firm has been actively expanding its presence in this space, reflecting a broader trend of increased investor interest in digital trading infrastructure.
As global markets continue to digitize, partnerships like this are reshaping how financial technology firms position themselves for long-term growth.
