The London Stock Exchange Group has acquired Quantile Group for £274m to expand its range of post-trade risk management solutions.
Quantile is a provider of portfolio, margin and capital optimisation services for banks, hedge funds and financial institutions trading derivatives.
LSEG said the purchase is part of its strategy of providing customers with a global, multi-asset class financial markets infrastructure operating across the trading ecosystem.
LSEG and Quantile’s services will be available on an open access basis that will continue to offer customers the choice of where to clear, compress and optimise their trading activity.
Upon completion, Quantile will remain a standalone entity within LSEG’s post trade division, reporting to , LSEG’s Group Head of Post Trade.
“The acquisition of Quantile builds on the strong growth delivered by LSEG and our post trade division,” he said. “It significantly enhances LSEG’s multi-asset class customer offering across the transaction lifecycle by providing more sophisticated tools and infrastructure for customers to optimise their financial resources and drive greater operational efficiencies in OTC derivatives.
Andrew Williams, CEO, Quantile, added, “I am delighted with this agreement to become part of LSEG. Quantile and LSEG share many of the same values, including a culture of innovation and a focus on delivering market leading services.
The deal is expected to complete in 2022 subject to regulatory approval.
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