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Deutsche Boerse has accelerated its buy-side focused growth initiatives with the acquisition of algo trading firm Quantitative Brokers in a transaction expected to close by the end of the year.
“We are investing in a growth business with a renowned, innovative and leading quant team delivering a unique set of competencies in algorithmic execution,” said Thomas Book, head of Deutsche Boerse’s trading and clearing division, in a statement on Thursday.
“The exciting QB platform and team are a perfect fit with both...