Deutsche Börse acquires Quantitative Brokers

Deutsche Börse is acquiring a majority interest in Quantitative Brokers, an independent provider of advanced execution algorithms and data-driven analytics.

Quantitative Brokers’ portfolio of algorithms, simulation tools and analytics is used by some of the world’s largest institutional investors.

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’ quant team will complement Deutsche Börse’s goal to expand its data and analytics services.

“Deutsche Börse’s global relationships with buy and sell-side customers will help us add value to an even broader range of clients,” said Robert Almgren, Chief Scientist and co-founder of Quantitative Brokers.

“The QB team is thrilled to join Deutsche Börse’s portfolio of strategic companies to further accelerate 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,” added Quantitative Brokers’ CEO, Christian Hauff.

The company will be majority-owned by Deutsche Börse, with the founders retaining significant portions of their shareholdings and continuing in their respective roles. Christian Hauff will continue as CEO and Robert Almgren as Chief Scientist.

“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,” said Thomas Book, Head of Trading & Clearing at Deutsche Börse.