Deutsche Boerse to acquire a majority stake in Quantitative Brokers.

Deutsche Boerse, a German marketplace organizer for the trading of shares and other securities, agreed to acquire a majority stake in Quantitative Brokers, an independent provider of advanced execution algorithms and data-driven analytics. Financial terms were not disclosed. “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. Our partnership with a 30 billion-dollar, global, multi-asset exchange group will provide even greater momentum to our growth plans,” Christian Hauff, Quantitative Brokers CEO and Co-founder.