London Stock Exchange Group (LSEG) has agreed to acquire TORA, a cloud-based technology provider that supports customers trading multiple asset classes across global markets, for USD325 million.
Founded in 2004, TORA offers trading technology solutions. This includes an order and execution management system (OEMS) and portfolio management system (PMS) for customers trading equities, fixed income, FX, derivatives and digital assets. The addition of digital assets to LSEG’s trading capabilities strengthens its presence in this rapidly expanding asset class, at a time when institutional market participants are increasing exposure to crypto and other digital assets.
The transaction will further enhance the global footprint of LSEG’s Trading & Banking Solutions business, with TORA’s established presence in Asia and North America and operations in Europe. It will enable LSEG’s customers to benefit from a differentiated trading solution that combines the multi-asset class capabilities of TORA’s software with the Group’s rich data and analytics services. Following completion, TORA will be part of LSEG’s Data & Analytics division.
