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Markit Acquires QSG

The global financial information provider, known for derivaiives valuations and trade processing, is looking to enter the equities trade analytics business with QSG.

Markit, a leading provider of derivatives pricing data and transaction processing services, announced that it has acquired Quantitative Services Group LLC (QSG), an independent equity research firm known for providing trade analytics to buy-side institutions. Financial details were not disclosed.

The acquisition expands Markit’s capabilities in equities and will enable Markit to expose its high-quality data products to QSG’s statistical processes and create new tools for investment managers and traders. Markit intends to expand QSG’s quantitative, factor-based research and trade analytics services to the global over-the-counter markets.

Commenting on the deal, Armins Rusis, managing director and Global Head of Data, Indices and Research at Markit, said: “We are excited about combining Markit’s expertise in data with QSG’s quantitative, factor-based research and trade analytics. The combination will allow us to develop new services for the equity and fixed income markets which will provide our customers with unique ways to recognize trading signals both within and across asset classes.”

In the same release, Tim Sargent, CEO of QSG, stated: “Joining forces with Markit gives us global reach and a focused opportunity to incorporate high-quality datasets directly into our offerings. This combination will position us to expand our product set and serve the growing analytical needs of equity and fixed income clients alike.” Based outside of Chicago, QSG provides global equity research, advanced trading analytics and investment consulting services, according to today’s release.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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