Deutsche Börse today announces that it has completed the purchase of a majority position in Quantitative Brokers LLC. The transaction was announced in September and closed on December 1, 2020.
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.
Quantitative Brokers is a fintech specializing in advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets. It currently has operations in New York, London, Sydney and Chennai. Quantitative Brokers is broker and venue agnostic, a neutrality that is key to clients and member firms.
Since the signing of the transaction in September, Quantitative Brokers has expanded its reach in the APAC region by launching its award-winning execution algorithms on the Singapore Exchange (SGX) derivatives market.
Quantitative Brokers’ portfolio of algorithms, simulation tools and analytics is used by some of the world’s largest institutional investors. QB’s offering services the increasing demand for intelligent and transparent solutions to manage execution cost and performance via a broker-neutral workflow. The QB algorithms are uniquely engineered for both central limit order books and OTC liquidity streams while accessible via all major execution and order management systems used by the buy side, banks and brokerage houses.
The transaction will move Deutsche Börse closer to the sources of trading interest in the buy side value chain, contributing to the Trading & Clearing division’s buy side focused growth initiatives. In the Exchange Traded Derivatives segment, it will accelerate buy side product adoption and order flow attraction. Quantitative Brokers’ renowned quant team will complement Deutsche Börse’s drive to expand its data and analytics services.