Today the London Stock Exchange Group (LSEG) said it’s paying $325 million to acquire TORA, the trading technology solution provider that covers most asset classes, including digital assets. In the announcement, LSEG said TORA enhances its position in the digital assets space as institutions increasingly seek exposure to cryptocurrencies and other digital assets.
TORA provides order and execution management systems (OEMS) and portfolio management systems (PMS) for fund managers across equities, fixed income, forex, derivatives and digital assets.
“This acquisition is a great example of LSEG’s strategy to provide customers with a global, multi-asset class financial infrastructure that operates across the capital markets and investment lifecycle as an open ecosystem,” said Andrea Remyn Stone, Group Head, Data & Analytics LSEG.
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