Deutsche Börse Acquires Quantitatative Brokers

Deutsche Börse buys majority shares in Quantitative Brokers – an independent provider of advanced execution algorithms and data-driven analytics for global futures, options, and interest rate for expansion in the buy-side markets. 

  • The transaction repositions Deutsche Börse closer to the source of trading interest in the buy-side value chain.
  • Creates synergies in quant competency with Quantitative Brokers 

Thomas Book, Head of the Trading & Clearing Division of Deutsche Börse and Member of the Executive Board: “We are investing in a growth business with a renowned, innovative and leading quant team delivering a unique set of competencies in algorithmic execution. The exciting QB platform and team are a perfect fit with both our existing business and our long-term strategic perspective.”

Christian Hauff, CEO and co-founder of Quantitative Brokers: “The QB team is thrilled to join Deutsche Börse’s portfolio of strategic companies to accelerate further our institutional client uptake and global expansion across markets and asset classes. Our partnership with a 30 billion-dollar, global, multi-asset exchange group will provide even greater momentum to our growth plans.”

Robert Almgren, Chief Scientist and co-founder of Quantitative Brokers: “Deutsche Börse’s global relationships with buy and sell-side customers will help us add value to an even broader range of clients. Our intelligent solutions will provide them with additional tools to better manage order execution in an increasingly complex market environment.”

Source: DeutscheBörse

 

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