September 17, 2020

Deutsche Börse Acquires Majority Stake in Quantitative Brokers

Deutsche Börse is acquiring a majority interest in Quantitative Brokers (QB), an independent provider of execution algorithms and data-driven analytics for global futures, options and interest rates.

QB's portfolio of algorithms, simulation tools and analytics is used by some of the world's largest institutional investors, with its algorithms 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 brokers.

Thomas Book, Head of the Trading & Clearing Division of Deutsche Börse and Member of the Executive Board said, "We are investing in a growth business with a renowned, innovative and leading quant team delivering a unique set of competencies in algorithmic execution."

Christian Hauff, CEO and co-founder of Quantitative Brokers said, "The QB team is thrilled to join Deutsche Börse’s portfolio of strategic companies to further accelerate our institutional client uptake and global expansion across markets and asset classes."

Robert Almgren, Chief Scientist and co-founder of Quantitative Brokers said, "Deutsche Börse’s global relationships with buy and sell side customers will help us add value to an even broader range of clients. Our intelligent solutions will provide them with additional tools to better manage order execution in an increasingly complex market environment."

The company will be majority owned by Deutsche Börse, with the founders retaining portions of their shareholdings and continuing in their respective roles – Christian Hauff will continue as CEO and Robert Almgren as Chief Scientist. The parties expect to finalise the transaction by the end of this year, contingent on gaining regulatory approvals.

QB's 2020 revenues are expected to be around 25 million USD. 

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