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

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 is 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.

About Deutsche Börse

As an international exchange organisation and innovative market infrastructure provider, Deutsche Börse Group ensures markets characterised by integrity, transparency and stability. With its wide range of products, services and technologies, the Group organises safe and efficient markets for sustainable economies. Its business areas extend along the entire value chain in exchange trading, including the admission, trading and clearing, and custody of securities and other financial instruments, the dissemination of market data, as well as the management of collateral and liquidity. As a technology company, the Group develops state-of-the-art IT solutions and offers IT systems all over the world.

With around 6,000 employees, the Group has its headquarters in the financial centre of Frankfurt/Rhine-Main, as well as a strong global presence in 41 locations such as Luxembourg, Prague, London, New York, Chicago, Hong Kong, Singapore, Beijing, Tokyo and Sydney.

About Quantitative Brokers

Quantitative Brokers (QB), an independent, global financial technology company, provides advanced algorithms and data-driven pre and post-trade analytics to clients in the Futures, Options and interest rate markets. The company is built on a research-driven culture, market microstructure know-how, and algorithmic engineering expertise. QB continually develops and innovates an evolving suite of products to reduce and measure implicit trading costs for its clients. Headquartered in midtown Manhattan, QB has branch offices in London, Sydney, and Chennai.

Quantitative Brokers’ portfolio of algorithms, simulation tools and analytics are used by many of the world’s largest institutional investors. QB’s suite of algorithms — Bolt, Strobe, Legger, Closer, Octane, The Roll and Striker — are uniquely engineered for both central limit order books and OTC liquidity streams while accessible via all major execution and order management systems used by the buy-side, banks and brokerage houses.