LSEG to Acquire Quantile Group Limited

London Stock Exchange Group plc (LSEG) today announced that it has agreed to acquire Quantile Group Limited (Quantile) for up to £274 million.

The Transaction will enable LSEG to expand its range of Post Trade risk management solutions to its customers through trade compression, capital and margin optimisation services. Quantile will be complementary to LSEG's global OTC Derivatives clearing services, which provide risk management and capital efficiencies to customers. The Transaction furthers LSEG's strategy of providing customers with a global, multi-asset class financial markets infrastructure operating across the trading ecosystem.

LSEG​ and Quantile's services will be available on an Open Access basis that will continue to offer customers the choice of where to clear, compress and optimise their trading activity. Following the Transaction, Quantile will remain a standalone entity within LSEG's Post Trade division, reporting to Daniel Maguire, LSEG's Group Head of Post Trade.

Daniel Maguire, Group Head, Post Trade, LSEG & CEO, LCH Group, 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. I look forward to working with Andy and his team at Quantile to further support innovation for the market and develop our businesses."

Andrew Williams, CEO, Quantile, said: "I am delighted with this agreement to become part of LSEG. Quantile and LSEG share many of the same values, including a culture of innovation and a focus on delivering market leading services. I look forward to working with Daniel and the team to accelerate our growth and to continue to deliver efficiencies and portfolio optimisation for our customers and the wider OTC derivatives marketplace."