London Stock Exchange Group to acquire Quantile

London Stock Exchange Group has agreed to acquire portfolio, margin and capital optimisation and compression services firm Quantile for up to £274.0m.

LSEG said on Monday that the acquisition would enable it to expand its range of post-trade risk management solutions through trade compression, capital and margin optimisation services, stating Quantile would be complementary to its global OTC Derivatives clearing services, which provide risk management and capital efficiencies to customers.

The FTSE 100-listed firm added that the transaction furthered its strategy of providing customers with a global, multi-asset class financial markets infrastructure operating across the trading ecosystem.

LSEG's Daniel Maguire said: "The acquisition of Quantile builds on the strong growth delivered by LSEG and our post-trade division.

"It significantly enhances LSEG's multi-asset class customer offering across the transaction lifecycle by providing more sophisticated tools and infrastructure for customers to optimise their financial resources and drive greater operational efficiencies in OTC derivatives."

As of 0825 GMT, LSE shares were up 1.04% at 6,592.0p.