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


Recorded Webinar: Market Data in the Cloud: Fuelling the next generation of data delivery solutions

Moving market data and infrastructure to the cloud has accelerated in recent years as financial firms have acknowledged the benefits of data accessibility, scalability, efficiency and the possibility of reducing sometimes sky-high costs of sourcing and managing the data. Market data in the cloud also offers a low-cost development environment and is finding use case...


The EU’s DLT Pilot Has Gone Live: What Does This Mean for Capital Markets?

With the EU’s DLT pilot regime now live, Alisa DiCaprio, Chief Economist at R3, examines the impact the programme will have on capital markets and what the launch means for the broader digitalisation of financial services. Against a backdrop of rising international competition, economic headwinds and technological innovation, jurisdictions across the globe are racing to...


RegTech Summit London

Now in its 7th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.


ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...