London Stock Exchange Group acquires Quantile Group

London Stock Exchange Group (LSEG) has agreed to acquire financial technology provider Quantile Group.

Quantile, founded in 2015, provides trade compression and risk rebalancing services to banks, hedge funds, and other financial institutions trading Over-the-Counter (OTC) derivatives.

LSEG said the transaction will enable it to expand its range of post-trade risk management solutions and that Quantile will be complementary to LSEG’s existing global OTC derivatives clearing services.

The acquisition is being funded from existing cash resources and credit facilities and is expected to close in 2022, subject to antitrust and other regulatory approvals.

Investment banking advisory firm Evercore is acting as sole financial adviser and sponsor to LSEG in relation to the transaction.

“The acquisition of Quantile builds on the strong growth delivered by LSEG and our post trade division,” said Daniel Maguire, group head, post trade at LSEG and chief executive at LCH Group. “It significantly enhances LSEG’s multi-asset class customer offering across the transaction lifecycle by providing more sophisticated tools and infrastructure for customers to optimise their financial resources and drive greater operational efficiencies in OTC derivatives.”

He added: “I look forward to working with Andy and his team at Quantile to further support innovation for the market and develop our businesses.”

    Share Story:

Recent Stories


Safeguarding economies: DNFBPs' role in AML and CTF compliance explained
Join FStech editor Jonathan Easton, NICE Actimize's Adam McLaughlin and Graham Mackenzie of the Law Society of Scotland as they look at the role Designated Non-Financial Businesses and Professions (DNFBPs) play in the financial sector, and the challenges they face in complying with anti-money laundering and counter-terrorist financing regulations.

Ransomware and beyond: Enhancing cyber threat awareness in the financial sector
Join FStech editor Jonathan Easton and Proofpoint cybersecurity strategist Matt Cooke as they discuss the findings of the State of the Phish 2023 report, diving into key topics such as awareness of cyber threats, the sophisticated techniques being used by criminals to target the financial sector, and how financial institutions can take a proactive approach to educating both their employees and their customers.

Click here to read the 2023 State of the Phish report from Proofpoint.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.

Future of Planning, Budgeting, Forecasting, and Reporting
Sage Intacct is excited to present FSN The Modern Finance Forum’s “Future of Planning, Budgeting, Forecasting, and Reporting Global Survey 2022” results. With participation from 450 companies around the globe, the survey results highlight how organisations are developing their core financial processes by 2030.