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Sterling Trading Tech

Can a focused trading-tech vendor remain the white-label OMS and risk platform of choice as brokerages consolidate onto cloud-native multi-asset stacks?

Founded2001
HQChicago, Illinois, United States
Latest roundAcquired by L Squared Capital Partners
IndustryInfrastructure / Trading Technology
The story

Sterling Trading Tech is a 2001-vintage capital-markets technology vendor based in Chicago, providing order management systems, risk and margin tools, and multi-asset trading platforms (equities, options, futures, digital assets) to brokers and trading firms. The company is owned by L Squared Capital Partners. It is a B2B software supplier to the trading industry — not an embedded finance company — and its product surface area does not include payments acceptance, lending, payroll, or banking primitives.

Last 12 months
Product timeline
0
Acquired by L Squared Capital Partners (private equity).· acquisition
2001
Sterling Trading Tech founded in Chicago as a provider of trading platforms and OMS solutions for capital markets.· founding
The stack
Accounting gap: none