Deutsche Boerse gains majority stake in Quantitative Brokers
02 December 2020 Germany
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Deutsche Boerse has completed the purchase of a majority stake in derivatives analytics specialist Quantitative Brokers, as of 1 December.
Quantitative Brokers specialising in advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets.
For the German stock exchange, the deal is aimed at bringing it closer to the buy-side value chain, accelerating product adoption and order flow attraction in the exchange-traded derivatives segment.
Capitalising on the growing importance of buy-side firms is a key growth driver for Deutsche Boerse and forms part of its mid-term growth strategy known as Compass 2023.
Quantitative Brokers’ co-founders Christian Hauff and Robert Almgren will retain a significant shareholding in the company and remain in their current roles as CEO and chief scientist, respectively.
The fintech is broker and venue agnostic, a neutrality that is key to clients and members, the firm says.
It currently has operations in New York, London, Sydney and Chennai, India.
Since inking the deal with Deutsche Boerse in September, Quantitative Brokers expanded its reach in the Asia Pacific in October by launching its execution algorithms on the Singapore Exchange derivatives market.
The deal was closed a day after Deutsche Boerse shed its Regulatory Reporting Hub, in a deal with MarketAxess worth between €10 million and €50 million.
Deutsche Boerse says it will provide technical services until the completion of customer transition in 2021 and confirms that the completion of the sale will not affect any other services it offers.
Quantitative Brokers specialising in advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets.
For the German stock exchange, the deal is aimed at bringing it closer to the buy-side value chain, accelerating product adoption and order flow attraction in the exchange-traded derivatives segment.
Capitalising on the growing importance of buy-side firms is a key growth driver for Deutsche Boerse and forms part of its mid-term growth strategy known as Compass 2023.
Quantitative Brokers’ co-founders Christian Hauff and Robert Almgren will retain a significant shareholding in the company and remain in their current roles as CEO and chief scientist, respectively.
The fintech is broker and venue agnostic, a neutrality that is key to clients and members, the firm says.
It currently has operations in New York, London, Sydney and Chennai, India.
Since inking the deal with Deutsche Boerse in September, Quantitative Brokers expanded its reach in the Asia Pacific in October by launching its execution algorithms on the Singapore Exchange derivatives market.
The deal was closed a day after Deutsche Boerse shed its Regulatory Reporting Hub, in a deal with MarketAxess worth between €10 million and €50 million.
Deutsche Boerse says it will provide technical services until the completion of customer transition in 2021 and confirms that the completion of the sale will not affect any other services it offers.
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