Quantum X to Acquire 80% Stake in Market Data Firm TraderMade
Quantum X Inc. has signed a binding letter of intent to purchase 80% of TraderMade Systems Ltd., targeting AI and quant tech integration.
Quantum X Inc., traded on the OTC markets under the ticker QUTX, has announced a binding letter of intent to acquire an 80% controlling stake in TraderMade Systems Ltd., a provider of institutional market data, the company said Tuesday from its Locust Valley, New York headquarters.
The deal is structured to fold TraderMade's proprietary historical financial data feeds directly into Quantum X's developing artificial intelligence and quantitative technology platforms, according to the announcement. The acquisition signals a strategic push by the smaller OTC-listed firm to deepen its data infrastructure ahead of anticipated growth in AI-driven trading tools.
Read more Century Communities to Report Q3 2026 Earnings on Oct. 28 →
TraderMade Systems specializes in delivering market data services to institutional clients, a segment that has drawn increasing corporate interest as demand for high-quality, machine-readable financial data accelerates across the fintech sector. Control of such a dataset could provide Quantum X with a competitive input layer for algorithmic and AI-based applications.
The letter of intent is described as binding, though definitive agreements and any regulatory or shareholder approvals would typically follow before a transaction of this nature closes. Financial terms of the proposed acquisition were not disclosed in the announcement.
The move reflects a broader industry trend of technology-oriented firms acquiring specialized data providers to fuel next-generation quantitative and artificial intelligence strategies, rather than building those data assets from scratch. Continue reading at Banking & Financial Services.
