Deutsche Börse Plans to Acquire Majority Stake in Quantitative Brokers


Deutsche Börse, a Germany-based exchange organization, is planning to acquire a majority stake in Quantitative Brokers (QB), a US-based fintech company for an undisclosed amount.

17 September 2020 | AtoZ Markets – The pandemic will make financial markets uncertain in 2020. However, many companies have been resilient during this pandemic period and have made strategic decisions to grow and expand their businesses. COVID-19 pandemic offers the opportunity to acquire companies with uncertain future or financial instability.

Deutsche Börse Plans to Buys QB for an Undisclosed Sum

Deutsche Börse has announced that it will acquire a majority stake in Quantitative Brokers. The Exchange believes that it will strengthen its global presence in the buy-side of the trades. However, it expects to complete the acquisition deal by the end of the year. Any specific terms and amount of the deal have not been disclosed. Thomas Book, head of the trading and clearing division of Deutsche Börse and also a member of the executive board, said:

“We are investing in a growth business with a renowned, and leading quant team delivering a unique set of competencies in algorithmic execution”.

The exchange told that the acquisition would play a vital role in its strategic update later this year. Quantitative Brokers’ co-founder and CEO, Christian Hauff said:

 “The QB team thrill to join Deutsche Börse’s portfolio of strategic companies to accelerate further our institutional client uptake and global expansion across markets and asset classes. Our partnership with a global, multi-asset exchange group will also provide even greater momentum to our growth plans.”

Quantitative Brokers are well integrated into the buy-side value chain. QB also expects its revenue in 2020 to be around $ 25 billion. Robert Almgren Chief Scientist and co-founder of Quantitative Brokers said:

“Deutsche Börse’s global relationships with customers will help us add value to an broader range of clients. Our intelligent solutions will provide them with additional tools to better manage order execution in an increasingly complex market environment”.

However, the founder of QB will hold a portion of the shares and continue with the same roles. Christian Hauff will continue as CEO, and Robert Almglen will continue as Chief Scientist.

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