About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

LSEG Adds PMS, OMS, EMS via $325 Million Tora Acquisition

Subscribe to our newsletter

Continuing on the acquisition trail following its $27 billion purchase of Refinitiv, London Stock Exchange Group (LSEG) has agreed to acquire PMS, OMS and EMS vendor Tora for $325 million, in an all-cash transaction.

Tora says the deal will enable Tora to expand and grow its clientele while investing in global infrastructure, product development and innovation. As part of LSEG, Tora’s clients will gain access to a wider range of market data, benchmarking indices, advanced corporate actions and a much larger yield book.

Tora provides cloud-based, cross-asset, front-to-back office technology that supports buy-side and sell-side customers trading across global equities, fixed income, FX, derivatives and digital assets. From LSEG’s perspective, Tora will help to enhance the group’s offerings in Asia (particularly Japan), North America and Europe, and allow it to deliver best in class, multi-asset front to back trading technologies. It will also strengthen LSEG’s presence in the digital asset space, as demand grows amongst institutional investors.

Tora CEO Robert Dykes says the company “has grown entirely organically since we formed in 2004. We are proud that all of our products have been built independently in-house since day one. However, change is needed to evolve, … as we look to grow our global business.” Both companies say they are focused on building a state-of-the-art financial infrastructure that operates across the entire investment lifecycle as an open ecosystem.

“This transaction is an important extension of our global Trading business,” says Dean Berry, Group Head of Trading & Banking Solutions at LSEG. “Acquiring Tora will enable LSEG to deliver critical ‘at-trade’ capabilities for the buy side, seamlessly connecting into our next generation desktop Workspace. Combining Tora’s international footprint with LSEG’s global reach will drive further growth and we look forward to collaborating in order to continue this expansion.”

Upon completion of the transaction, Tora will sit within LSEG’s Data & Analytics division as part of its Trading & Banking Solutions business. The deal is expected to close in the second half of 2022, subject to regulatory approvals.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

23 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance....

BLOG

FCA Rings the Bell for PISCES – A New Market for Private Company Shares

The Financial Conduct Authority (FCA) has launched the Private Intermittent Securities and Capital Exchange System (PISCES). Announced as an innovative sandbox initiative, PISCES represents a significant evolution in the structure and accessibility of private company shares, through periodic trading events under a tailored regulatory environment. Designed as a five-year pilot, the initiative seeks to test...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...