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February 22, 2022

LSEG to buy trading technology provider TORA for $325m

London Stock Exchange Group (LSEG) has agreed to acquire TORA, a provider of cloud-based trading technology solutions, in a $325m deal.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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  • Understand what is driving the PE/VC fundraising (Deal Rationale)
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by GlobalData
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The transaction is expected to conclude in the second half of this year, subject to regulatory approvals.

Founded in 2004, TORA’s solutions include an order and execution management system (OEMS) and portfolio management system (PMS) that supports customers trading, fixed income, equities FX, digital assets and derivatives.

The deal is expected to strengthen LSEG’s trading capabilities in the digital asset segment at a time when institution customers increasingly seek exposure to crypto and other digital assets.

TARO’s presence Asia and North America and operations in Europe will expand the global footprint of LSEG’s Trading & Banking Solutions.

Furthermore, the deal will allow LSEG customers to utilise a differentiated trading solution, which brings together multi-asset class capabilities of TORA’s software and LSEG’s data and analytics services.

LSEG Trading & Banking Solutions group head Dean Berry said: “Acquiring TORA will enable LSEG to deliver critical ‘at trade’ capabilities for the buy side, seamlessly connecting into our next generation desktop Workspace.”

LSEG Data & Analytics group head Andrea Stone added: “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.

“I look forward to working with the team at TORA to support customers in their trading activity and grow our businesses together.”

Following the transaction, TORA will operate as part of LSEG’s Data & Analytics division.

In December 2021, LSEG signed a deal to acquire Quantile Group for a maximum aggregate consideration of up to £274m.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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