Tick TS
tick-TS is a Düsseldorf-based fintech providing TradeBase MX (TBMX), a multi-exchange trading platform connecting European banks, trading houses, market makers, and software providers to exchanges via frontend, API, and FIX protocol. Listed on the Düsseldorf Stock Exchange since 2017.
- Company typePublic
- Founded2002
- HeadquartersDüsseldorf, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Tick TS does
tick Trading Software AG (tick-TS) is a Düsseldorf-based financial technology company founded in 2002 that develops and operates trading infrastructure software for professional securities trading across European markets. The company's flagship product, TradeBase MX (TBMX), is a multi-exchange trading platform providing direct connectivity to exchanges including XETRA, EUREX, Euronext, and CBOE Europe Equities via frontend, API, or FIX protocol, and is deployed through white-label arrangements with major banking partners such as HSBC and UniCredit. The platform serves four primary customer segments: small and large trading houses, banks with proprietary or customer trading operations, market makers requiring designated sponsoring tools, and software providers accessing the platform via FIX/API.\n\nThe company generates revenue through a mix of recurring software licenses and hosted operations (tick-TS Cloud from Frankfurt am Main data centers operated in cooperation with Deutsche Börse), usage-based fees tied to trading volume and volatility, project-based implementation work, and a recently launched consulting services line. Two key modules extend the platform: the e-Trading Compliance Monitor (ECM) for MAD II/MAR regulatory order-flow surveillance and the Multi-Asset Risk System for pre- and post-trade risk monitoring. As of FY 2025/2026, tick-TS reported approximately 3,000 installations worldwide processing millions of transactions daily with about 30 employees based in Düsseldorf.\n\nThe company has been listed on the primary market (Freiverkehr) of the Düsseldorf Stock Exchange since 2017 under ticker TBX0 (ISIN DE000A35JS99) with significant free float (44.29% of share capital represented at the 2026 AGM). In FY 2025/2026, tick-TS entered a transformation phase, adding consulting services for financial-sector clients to diversify revenue and reduce concentration risk after the loss of a top customer triggered a 16.7% H1 revenue decline. The company maintains a debt-free balance sheet with high equity ratio and operates under new leadership following Martin Lüttich's appointment as CEO effective October 1, 2025.
Tick TS firmographics
Firmographics- Name
- Tick TS
- Legal name
- tick Trading Software AG
- Website
- https://tick-ts.de
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- tick-TS is a Düsseldorf-based fintech providing TradeBase MX (TBMX), a multi-exchange trading platform connecting European banks, trading houses, market makers, and software providers to exchanges via frontend, API, and FIX protocol. Listed on the Düsseldorf Stock Exchange since 2017.
- Ownership category
- akta.pro rank
Tick TS industry classification
Industry- Product category
- Trading Software Platforms
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Algorithmic Trading & Execution Platforms (FSAFANAN)
- akta.pro secondary industry
- Equities Trade Execution Platforms (ATS/MTF/ECN) (FSAFANAA)
Keywords
Where Tick TS is headquartered
LocationHeadquarters
- HQ city
- Düsseldorf
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
Tick TS business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Licenses and Operations: Recurring revenue from software licenses and hosted operations. TradeBase MX platform deployed from tick-TS data centers.
- Load-Dependent Revenues: Transaction-based revenues tied to trading volume and volatility. Volume-based revenues performed better than expected in H1 2025/2026.
- Project Revenue: One-time implementation and customization projects for new clients.
- Consulting Services: New business division providing consulting services for financial sector companies. Includes business analysis, transformation support, and project management. Successfully launched with multiple project wins.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise trading platform with managed hosting |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels3 records
Tick TS product offering
Product offeringCore offering
tick Trading Software AG develops and operates the TradeBase MX (TBMX) multi-exchange trading platform, providing direct connectivity to national and international stock exchanges (XETRA, EUREX, Euronext, CBOE Europe Equities) and brokers via frontend, FIX protocol, or API. The company serves trading houses, banks, and market makers with hosted trading infrastructure, compliance monitoring, and risk management software, supplemented by financial-sector consulting services.
Product overview
Tick TS (tick Trading Software AG) offers a platform-plus-modules product architecture centered on the TradeBase MX (TBMX) multi-exchange trading platform. The core TBMX Trading Platform provides direct connectivity to exchanges including XETRA, EUREX, Euronext, and CBOE Europe Equities via frontend, API, or FIX protocol, with native ETI connectivity to the Deutsche Börse T7 system. Two key add-on modules extend the platform: the e-Trading Compliance Monitor (ECM) for MAD II/MAR regulatory order-flow surveillance, and tick-TS Cloud for hosted infrastructure in Frankfurt am Main data centers. The company also offers a Multi-Asset-Risk System for pre- and post-trade risk monitoring and is expanding into consulting services for financial-sector digital transformation.
Differentiator
Problem solved
Functional benefit
Brands
- TradeBase MX (TBMX): The flagship multi-exchange trading platform providing direct connections to national and international marketplaces and brokers, market making tools for designated sponsoring, and proprietary hosting infrastructure.
- TBMX Trading Platform
- e-Trading Compliance Monitor (ECM)
- tick-TS Cloud
Products and services
- TBMX Trading Platform (TradeBase MX)
Quantifiable outcome
- 3,000 installations worldwide with millions of transactions daily
- +1 more outcomes
Companies that use Tick TS
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Tick TS technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
Feature6 records
Tick TS partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, minor and flagship.
- ABN AMRO ClearingcoreABN AMRO Clearing provides market access functional support for tick-TS clients. Dedicated TradeBase MX launcher provided for ABN AMRO customers.
- BNP ParibascoreBNP Paribas serves as service desk and launch partner for TradeBase MX. Provides trading desk support for European markets.
- Credit SuisseminorCredit Suisse previously provided execution services and trading desk support via dedicated TradeBase MX launcher.
- CitiGroupminorCitiGroup mentioned as broker option for EUREX connectivity alongside HSBC Germany.
- Deutsche BörsecoreCooperation with Deutsche Börse in Frankfurt am Main for hosting, trading applications, and infrastructure services. Deutsche Börse operates the exchange infrastructure that tick-TS connects to via T7 system and ETI interface.
- HSBCflagshipMajor client and partner using TradeBase MX platform. HSBC provides execution services for stocks, bonds, and derivatives. tick-TS provides HSBC with trading platform connectivity to exchanges.
- UniCredit (HVB)flagshipMajor client and partner using TradeBase MX as white-label solution. UniCredit operates its trading business using tick-TS infrastructure.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Tick TS competitors and assessment
Company assessmentBroad incumbents
- ION Group: ION Group delivers mission-critical software for capital markets, including trading and connectivity solutions via acquisitions like Calypso and Wall Street Systems—comparably positioned to tick-TS in serving trading and treasury operations, but at vastly larger scale and broader product breadth.
- FIS (Fidelity National Information Services): FIS provides capital markets software, including trading and post-trade infrastructure, through its Capital Markets Solutions business—an incumbent with overlapping exchange connectivity and execution capabilities, though it operates across a much wider financial software portfolio.
- Bloomberg EMSX: Bloomberg's Execution Management System (EMSX) provides multi-asset order routing, execution, and compliance tools to buy-side institutions—overlapping with TradeBase MX's execution and compliance monitoring functionality, embedded within the broader Bloomberg Terminal ecosystem.
- Murex: Murex provides a comprehensive capital markets platform for trading, risk management, and post-trade processing across asset classes—overlapping with tick-TS's execution and multi-asset risk capabilities but as part of a much broader front-to-back-office suite.
- Itiviti (Broadridge Trading and Connectivity Solutions): Itiviti, now part of Broadridge, provides trading connectivity, order routing, and execution infrastructure for institutional clients globally—a broader incumbent offering overlapping with tick-TS's TradeBase MX and ECM capabilities but at much larger scale.
Others
- Deutsche Börse: Deutsche Börse operates the XETRA and EUREX exchanges and T7 trading system to which tick-TS connects via ETI. It is both a long-standing strategic partner and the underlying venue operator, making it a critical ecosystem participant rather than a direct competitor.
Emerging players
- ProgressSoft: ProgressSoft provides real-time payment and trading infrastructure solutions to financial institutions, including exchange-facing software with comparable integration profiles—relevant as an emerging player with similar enterprise trading technology focus but different geographic emphasis.
- TransFICC: TransFICC provides a low-latency trading connectivity and workflow platform for institutional clients trading fixed income and other asset classes—comparable in offering FIX-based connectivity and order routing to multiple venues, but focused on fixed income rather than equities/derivatives.
Direct peers
- Trading Technologies International: Trading Technologies offers the TT platform, a professional multi-asset trading platform connecting buy- and sell-side firms to global exchanges via FIX and proprietary APIs—directly comparable to tick-TS's TradeBase MX in target market (trading firms, banks, market makers) and core functionality (exchange connectivity, execution, market making).
- FlexTrade Systems: FlexTrade provides execution management systems (EMS) and order routing solutions for equities, FX, and derivatives to institutional trading desks—closely matching tick-TS's TradeBase MX offering in execution, multi-exchange connectivity, and target customer base of trading houses and banks.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Tick TS social profiles
Digital presenceTick TS compliance and trust
Trust signalCompliance2 records
Tick TS financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tick TS leadership team
Management profileNumber of profiles
Profiles5 records
Tick TS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tick TS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tick TS
What does Tick TS do?
tick Trading Software AG develops and operates the TradeBase MX (TBMX) multi-exchange trading platform, providing direct connectivity to national and international stock exchanges (XETRA, EUREX, Euronext, CBOE Europe Equities) and brokers via frontend, FIX protocol, or API. The company serves trading houses, banks, and market makers with hosted trading infrastructure, compliance monitoring, and risk management software, supplemented by financial-sector consulting services.
Is Tick TS a public or private company?
Tick TS is a public company. It is classified as public and is currently operating.
When was Tick TS founded?
Tick TS was founded in 2002. It employs 11 to 50 people.
Where is Tick TS based?
Tick TS is headquartered in Düsseldorf, Germany, in the Europe region.
How does Tick TS make money?
Four revenue lines are on record. Licenses and Operations are the primary driver. The others are load-Dependent Revenues, project Revenue and consulting Services.
Who are Tick TS's main competitors?
Broad incumbents on record are ION Group, FIS (Fidelity National Information Services), Bloomberg EMSX, Murex and Itiviti (Broadridge Trading and Connectivity Solutions). Deutsche Börse is listed as an others. Emerging players are ProgressSoft and TransFICC. Direct peers are Trading Technologies International and FlexTrade Systems.
Does Tick TS have an API?
Yes. TradeBase MX (TBMX) platform provides a FIX solution and integrated API for connecting trading applications to exchanges. The FIX solution enables connectivity to markets via the FIX protocol. The API supports trading via the TradeBase MX Frontend, the TradeBase MX API, or the TradeBase MX FIX solution. Software providers can use FIX and the integrated API to leverage TradeBase MX functionalities for their own applications, handling market connectivity, user authentication, and risk functionality without implementing exchange interfaces such as ETI (XETRA/EUREX) or FIX directly.
What industry is Tick TS in?
Tick TS's product category is Trading Software Platforms. Its primary akta.pro industry code is FSAFANAN, Algorithmic Trading & Execution Platforms, with a secondary code of FSAFANAA, Equities Trade Execution Platforms (ATS/MTF/ECN). Its NAICS code is 5231 and its SIC code is 6211.