The London Stock Exchange has announced it will acquire trading technology supplier Tora.
In Brief:
Tora has a technology solution to manage order and execution, portfolio management, FX and digital assets.
The stock exchange operator will buy Tora for £325mn.
It will become part of the LSEG’s data and analytics division in H2 2022.
What does this mean?
The Group says that it has been necessary to add digital assets to its trading capabilities as the crypto marketplace continues to grow, especially as institutions begin to increase exposure to cryptocurrencies and other digital assets.
