Skip navigation
The Daily Brief
digital finance cybersecurity alexsl/iStock/Getty Images Plus

Apex Clearing's Parent Firm Buys Options Tech Provider

PEAK6, which owns Apex Clearing and is an investor in white-label automated investing developer Bambu, bought a Swiss options trading developer.

PEAK6, the parent company of Apex Clearing and one of the backers of the technology powering Franklin Templeton’s “turnkey robo advisor,” Tango, acquired Hardcastle Trading AG, according to an announcement. Hardcastle Trading is a Swiss firm providing “proprietary trading technology and a deep bench of talented engineers” that will “complement PEAK6’s existing platform.” 

PEAK6 plans to use the tech to improve liquidity for customers in the options markets. “Hardcastle is an exceptional fit with our business and a natural pairing for us given the team’s focus on leveraging technology to make trading the way it ought to be,” said Tom Simpson, CEO of PEAK6 Capital Management, a sister company to Apex Clearing. “This acquisition is an important step in extending our PEAK6 Capital Management team’s reach by providing additional liquidity for electronic options markets in the U.S. and Europe.”

Hardcastle, founded in 1998, will have access to new markets with the deal, said CEO Flint Craig. 

Terms for the deal, which closed Dec. 21, were not disclosed.

Want The Daily Brief delivered directly to your inbox? Sign up for's Morning Memo newsletter.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.