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Deutsche Börse completes the purchase of a majority stake in Quantitative Brokers

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

Germany’s main listed derivatives venue has acquired a fintech company specializing in advanced execution algorithms and data-driven analytics for global futures, options and interest rate markets.

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Deutsche Börse has completed the purchase of a majority position in Quantitative Brokers LLC.

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, 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 both 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’ platform and team will help bring Deutsche Börse closer to the buy-side value chain, accelerating product adoption and order flow attraction in the Exchange Traded Derivatives segment. Capitalizing on the growing importance of buy-side firms is a key growth driver for Deutsche Börse and forms part of the Group’s mid-term growth strategy, Compass 2023.

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