London Stock Exchange Group (LSEG) has acquired Quantile Group to expand its range of post-trade risk management solutions.
Quantile is a provider of portfolio, margin and capital optimisation services for banks, hedge funds and financial institutions trading derivatives.
LSEG has agreed to pay up to £274 million ($362 million) to Quantile’s shareholders.
The acquisition will be a standalone entity within the company’s post-trade business which provides clearing services for over-the-counter derivatives.
The transaction is being funded from existing cash resources and is expected to close in 2022, subject to regulatory approvals.