Deutsche Börse, the German stock exchange company, has completed the purchase of a majority stake in Quantitative Brokers.
Quantitive Brokers is an algo heavy trading firm that leverages technology to provide trading analytics for clients – mainly utilized by some of the largest institutional investors in the world.
The transaction was announced in September and closed on 1 December. 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, according to Deutsche Börse.
Quantitative Brokers is broker and venue agnostic, neutrality that is said to be 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 execution algorithms on the Singapore Exchange (SGX) derivatives market.
Quantitative Brokers’ is expected to help bring Deutsche Börse closer to the buy-side value chain, accelerating product adoption and order flow attraction in the Exchange Traded Derivatives segment.