London Stock Exchange Buys Coud-Based Tech Provider TORA For $325 Million
NDTV
London Stock Exchange Group has agreed to buy U.S. cloud-based technology provider TORA in a $325 million deal which it said on Tuesday will add digital assets to its trading tools.
London Stock Exchange Group has agreed to buy U.S. cloud-based technology provider TORA in a $325 million deal which it said on Tuesday will add digital assets to its trading tools.
As mainstream interest in cryptocurrencies grows, LSEG said the acquisition of TORA will help expand its trading and banking business globally.
TORA, led by Chief Executive Robert Dykes, supports customers trading multiple asset classes including equities, fixed income and digital assets across global markets.
It offers LSEG the ability to better compete in Asia and North America where TORA has a presence with offices in Hong Kong, New York, Singapore and Tokyo among others.
