Deutsche Börse acquires majority stake in digital asset trading and brokerage firm
The acquisition of Crypto Finance AG will extend digital asset offering at Deutsche Börse as institutional investors look to enter the space.
The acquisition of Crypto Finance AG will extend digital asset offering at Deutsche Börse as institutional investors look to enter the space.
The expanded data set can be used across transaction cost analysis, identifying long-term trends and correlations, and back-testing pricing models.
By acquiring the remaining stake from UBS, Deutsche Börse becomes the sole shareholder in the company, after acquiring a 51% share in September.
New agreement will allow Deutsche Börse to licence and distribute the Mexican exchange’s market data to its clients.
The European exchange operator confirmed it would be acquiring the ESG data and research firm in November last year.
Major markets globally have suffered outages in 2020. Hayley McDowell considers whether exchanges should be doing more to ensure markets operate efficiently and without disruption.
The exchange operator successfully acquired a majority stake in the business in a deal previously announced in September.
The Deutsche Börse regulatory reporting business was acquired through Trax NL, a subsidiary of MarketAxess in the Netherlands.
Traders will be able to enter orders on Xetra for 10 minutes after the closing auction has ended when tool goes live on 24 November at Deutsche Börse.
Institutional Shareholder Services (ISS) will be acquired by Deutsche Börse as the exchange operator looks to enhance its ESG data and analytics offering.