By Joe Hoppe

 

London Stock Exchange Group PLC said Monday that it will buy Quantile Group Ltd., a portfolio, margin and capital optimization and compression services provider, for up to 274 million pounds ($362.7 million).

The stock-exchange and financial-information company, also known as LSEG, said the money will be paid to Quantile's shareholders, and will be provided from existing cash balances and facilities. The acquisition is expected to close in 2022, subject to antitrust and other financial approvals.

LSEG said the acquisition of Quantile and its optimization engine will allow it to expand its range of post-trade risk-management solutions, and complement the company's global over-the-counter derivatives clearing services, which provide risk-management and capital efficiencies to customers.

Quantile and LSEG's services will be available on an open-access basis offering customers choice, and Quantile will remain a standalone entity in LSEG's post trade division.

"[The acquisition] significantly enhances LSEG's multi-asset class customer offering across the transaction lifecycle by providing more sophisticated tools and infrastructure for customers to optimize their financial resources and drive greater operational efficiencies in [over-the-counter] derivatives," said Daniel Maguire, LSEG group head of post trade.

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

December 06, 2021 02:32 ET (07:32 GMT)

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