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Fintech
Deutsche Boerse to Acquire Majority Stake in Quantitative Brokers
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Reuters
TL;DR
Deutsche Boerse will acquire a majority stake in Quantitative Brokers, a fintech company specializing in execution algorithms and analytics expected to generate $25 million in revenue this year. This acquisition supports Deutsche Boerse's growth strategy, including a €2 billion fund for strategic purchases and a bid for Borsa Italiana.
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Key takeaways
- Deutsche Boerse, the German stock exchange operator, will acquire a majority stake in fintech firm Quantitative Brokers for an undisclosed sum, according to a Reuters report
- This acquisition aligns with Deutsche Boerse's strategic objective of expanding its operations through acquisitions
- Quantitative Brokers provides sophisticated execution algorithms and analytics for futures, options, and interest rate markets and anticipates generating $25 million in revenue this year
Deutsche Boerse, the German stock exchange operator, will acquire a majority stake in fintech firm Quantitative Brokers for an undisclosed sum, according to a Reuters report. This acquisition aligns with Deutsche Boerse's strategic objective of expanding its operations through acquisitions.
Quantitative Brokers provides sophisticated execution algorithms and analytics for futures, options, and interest rate markets and anticipates generating $25 million in revenue this year. This acquisition is part of Deutsche Boerse's wider growth strategy, which includes a dedicated €2 billion fund for strategic purchases. Deutsche Boerse is also currently bidding for Borsa Italiana.
Related Topics
Deutsche BoerseQuantitative Brokersfintechacquisitionmajority stake
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