Deutsche Börse has completed the purchase of a majority position in Quantitative Brokers. The transaction was announced in September and closed on 1 December. Specific terms of the transaction were not disclosed.
Quantitative Brokers is a fintech specializing in advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets with operations in New York, London, Sydney and Chennai. It’s broker and venue agnostic. Since the signing of the transaction in September, Quantitative Brokers has expanded its reach in the APAC region by launching its execution algorithms on the Singapore Exchange (SGX) derivatives market.
The 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.
“Quantitative Brokers’ platform and team will help bring Deutsche Börse closer to the buy-side value chain, accelerating product adoption and order flow attraction in the Exchange Traded Derivatives segment. Capitalizing on the growing importance of buy-side firms is a key growth driver for Deutsche Börse and forms part of the Group’s mid-term growth strategy, Compass 2023,” the company said in a statement.