London, U.K, 6 December 2021 – Quantile Group Ltd (Quantile), a leading provider of portfolio optimisation services for the global financial markets, today announces that it is to be acquired by London Stock Exchange Group plc (LSEG). The acquisition will enable Quantile to continue to deliver its market leading services and will accelerate product development, the launch of new services and expand its network to better serve its clients.
As part of LSEG, Quantile will operate as a standalone entity within the Post Trade division, reporting to Daniel Maguire, LSEG’s Group Head of Post Trade. Quantile will continue to be led by its CEO and co-founder, Andrew Williams.
Since its formation in 2015, Quantile has been led by a team of industry experts and has grown to over 80 employees, with offices in London, New York and Amsterdam. In January 2021, the Company received $51 million in growth investment from Spectrum Equity, a leading growth equity firm focused on internet-enabled software and information services companies.
Andrew Williams, CEO, Quantile, commented: “We are really pleased to announce this news, which demonstrates how far Quantile has come in a very short time. Quantile and LSEG share many of the same values, including a culture of innovation and a critical focus on service excellence, and this agreement will enable us to innovate further and faster to deliver optimisation services for the market. We have built Quantile to be a bold and agile company which can react quickly to our clients’ needs, and we will continue to operate this way, but with the expertise and platform of a larger group.”
He added, “Clients continue to face new challenges and there is immense capacity for Quantile to help maximise efficiency and better manage risk, capital and funding requirements through our multilateral optimisation services. We look forward to the next stage of our journey as we continue to evolve and deliver the best service to our clients.”
Quantile’s optimisation services reduce risk, notional and capital requirements for market participants trading OTC derivatives globally. Clients include all of the G15 top tier global banks, regional banks and other large institutional market participants.
Daniel Maguire, Group Head, Post Trade, LSEG & CEO, LCH Group, said: “The acquisition of Quantile builds on the strong growth delivered by LSEG and our Post Trade division. It significantly enhances LSEG’s multi-asset class customer offering across the transaction lifecycle by providing more sophisticated tools and infrastructure for customers to optimise their financial resources and drive greater operational efficiencies in OTC derivatives. I look forward to working with Andy and his team at Quantile to further support innovation for the market and develop our businesses.”
The transaction is expected to close in 2022, subject to antitrust and other regulatory approvals.
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Quantile rebalances risk in financial markets, delivering advanced strategies that reduce counterparty risk between market participants, increasing the efficiency and liquidity of markets, improving returns for clients and making the financial system safer.
Since launching its first products in 2017, Quantile has eliminated USD trillions of gross notional of OTC derivatives through compression and billions of dollars in margin through its counterparty risk reduction service.
Clients include all of the G15 top tier global banks, regional banks and other large institutional market participants.
Quantile is headquartered in London, with offices in New York and Amsterdam.