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

Recorded Webinar: The future of the desktop – optimising the user experience

Trader desktop solutions have advanced rapidly over the past few years, driven by new technology approaches, rising volumes and different types of data, interoperability, demand for ease of use, and the coronavirus pandemic that called for a desktop review as working from home became mainstream and later transitioned to hybrid working. Next generation desktops will...

BLOG

Streamlining the Full Trade Lifecycle Through Modularity & Interoperability

For broker-dealers, collapsing technology silos across the front, middle and back office has become increasingly important in the relentless drive towards cost reduction and greater efficiency. As technology has advanced, forward-looking firms are taking an enlightened approach to technology development and investing in consolidation across the entire trade lifecycle. Not only does this present an...

EVENT

Data Management Summit New York

Now in its 12th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...