LSEG-Tora: A tale of crypto, Asia expansion and (more) integration burdens
When LSEG acquired Refinitiv, it added Eikon, FXall, and AlphaDesk to its portfolio of execution platforms. In February, the exchange also bought Tora, which has a stronghold in Asia, as well as a presence in crypto. While sources say there are clearly synergies, the key piece of the deal will come down to integration and interoperability.
In the world of financial technology, size matters. Proof of that can be seen in the order and execution management system space, where the likes of SS&C Technologies, Ion Group, Broadridge and even State Street have been growing rapidly through acquisition. One of the more unique entrants into this M&A blitz, though, has been London Stock Exchange Group.
Last week, LSEG announced, subject to regulatory approvals, it was acquiring buy-side OEMS and portfolio management system technology
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