The London Stock Exchange Group (LSEG) announced a deal to acquire trading technology solutions provider TORA. The deal was valued at $325 million.
The exchange will thus gain access to TORA technology for its order management and execution system, as well as a portfolio manager for clients trading equities, fixed income, currencies, derivatives and digital assets.
According to the statement, the deal will strengthen the company’s presence in a “rapidly expanding asset class” amid growing demand from institutional investors for cryptocurrencies.
The deal will close in the second half of 2022.