The london stock exchange tora

The London Stock Exchange Group (LSEG) has announced its acquisition of TORA. The latter, which is a technology provider for the trading of multiple asset classes including crypto, was acquired by LSEG at a purchase price of $325 million.

“London Stock Exchange Group (LSEG or the Group) today announces it has agreed to acquire TORA, a leading cloud-based technology provider that supports customers trading multiple asset classes across global markets,” the company announced in a blog post on February 22.

The acquisition will enhance LSEG’s trading capabilities with the addition of digital assets.

London stock exchange tora

TORA has an established presence in both North America and Asia as well as operations in Europe.

“This transaction is an important extension of our global Trading business. Acquiring TORA will enable LSEG to deliver critical ‘at trade’ capabilities for the buy side, seamlessly connecting into our next generation desktop Workspace,” LSEG Group Head of Trading & Banking Solutions Dean Berry.
“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.”

The move will also allow LSEG to diversify its offerings to its clientele. “Combining TORA’s multi-asset technology and global expertise with the strength and breadth of LSEG’s Data & Analytics division will create a compelling customer proposition,” LSEG Group Head, Data & Analytics Andrea Remyn Stone said.

It will also open the possibility for LSEG to offer crypto and non–fungible token (NFT) trading in the future, according to Coindesk.

TORA was founded in 2004 and offers trading technology solutions such as an order and execution management system (OEMS) as well as a portfolio management system (PMS) for customers trading FX, digital assets, equities, FX, fixed income, and derivatives. “The addition of digital assets to LSEG’s trading capabilities strengthens its presence in this rapidly expanding asset class, at a time when institutional market participants are increasing exposure to crypto and other digital assets,” LSEG added.

The deal is expected to enhance LSEG’s global trading and banking solutions business.

The london stock exchange torah

It will enable LSEG’s customers to benefit from a differentiated trading solution that combines the multi-asset class capabilities of TORA’s software with the Group’s rich data and analytics services. Following completion, TORA will be part of LSEG’s Data & Analytics division.

Dean Berry, Group Head of Trading & Banking Solutions, LSEG, said: “This transaction is an important extension of our global Trading business.
Acquiring TORA will enable LSEG to deliver critical “at trade” capabilities for the buy side, seamlessly connecting into our next generation desktop Workspace.

The london stock exchange toraiz

The Deputy Governor of the Bank of England, Jon Cunliffe recently emphasized that the asset class can put the financial stability of the country at risk. The governor of the bank, Andrew Bailey raised concerns over El Salvador’s decision to make Bitcoin a legal tender in the country.

However, Britain’s ex-Chancellor Philip Hammond supported cryptocurrencies. The former chief urged authorities to pay heed to the growing needs of the crypto industry.

In 2019, LSEG marked its entry into the crypto space by purchasing a stake in Nivaura.


Headquartered in London, Nivaura aspires to digitize primary markets through blockchain technology services. On the other hand, TORA ventured into the crypto space in 2018 by partnering with investment firm Kenetic. The platforms teamed up to launch a crypto trading channel called Caspian.

The london stock exchange torakage

Hailing as one of the biggest stock exchanges and financial information firms in the United Kingdom, the London Stock Exchange Group has purchased TORA, a cloud-based technology company from the United States. With an investment of $325 million for acquiring TORA, LSEG is looking forward to expanding its operations across the fast-developing cryptocurrency industry.

The strategic partnership will make TORA a crucial part of LSEG’s Data & Analytics unit within the core Trading & Banking Solutions ecosystem of the leading financial firm.

As per the official announcement, the collaboration will help the London Stock Exchange Group to strengthen its hold in the virtual asset cluster. The payment for TORA’s acquisition will be made in an all-cash transaction by the LSEG team.

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.”

Andrea Remyn Stone, Group Head, Data & Analytics LSEG, said: “Combining TORA’s multi-asset technology and global expertise with the strength and breadth of LSEG’s Data & Analytics division will create a compelling customer proposition. This acquisition is a great example of LSEG’s strategy to provide customers with a global, multi-asset class financial infrastructure that operates across the capital markets and investment lifecycle as an open ecosystem.

In a release, the exchange said the deal strengthens its presence in a “rapidly expanding asset class, at a time when institutional market participants are increasing exposure to crypto and other digital assets.”

Following completion, which is expected in the second half of the year, TORA will be part of LSEG’s data and analytics division.

Andrea Remyn Stone, group head of data and analytics at LSEG, said the deal will give customers a “global, multi-asset class financial infrastructure that operates across the capital markets and investment lifecycle as an open ecosystem.”

The push by LSEG comes as traditional financial institutions are at pains to show they can offer customers exposure to the growing digital asset ecosystem.

I look forward to working with the team at TORA to support customers in their trading activity and grow our businesses together.”

Robert Dykes, Chief Executive Officer, TORA, said: “I’m delighted that TORA will become part of LSEG. We see this combination as an incredible opportunity to create additional value for clients. Bringing together TORA’s compelling trading solution with LSEG’s wealth of data has the potential to create a powerful toolkit for our customers, enabling them to trade more efficiently. I’m confident that by collaborating with the wider Data & Analytics team, we will innovate further and continue to deliver best-in-class solutions for our customers.”

LSEG has agreed to pay $325 million for TORA.

Dean Berry stated that the integration of TORA’s strong international presence and LSEG’s global outreach will promote growth and further collaborations for expansion within the crypto field.

The collaboration will help the stock exchange giant to penetrate its business operations to new market clusters. The company is looking forward to widening its scope not only in Europe but also across North America and Asian regions.

These areas can be seen as high-potential zones as a majority of TORA’s clients are based here. The CEO of TORA, Robert Dykes stated that they have found the best partner in LSEG, and the two firms will employ their resources to create the most advanced solutions for traders.

Interestingly, amid the wide scale crypto developments in the UK, the British authorities seem to support a skeptical point of view towards the industry.

London Stock Exchange Group (LSEG or the Group) today announces it has agreed to acquire TORA, a leading cloud-based technology provider that supports customers trading multiple asset classes across global markets.

Founded in 2004, TORA offers trading technology solutions. This includes an order and execution management system (OEMS) and portfolio management system (PMS) for customers trading equities, fixed income, FX, derivatives and digital assets. The addition of digital assets to LSEG’s trading capabilities strengthens its presence in this rapidly expanding asset class, at a time when institutional market participants are increasing exposure to crypto and other digital assets.

The transaction will further enhance the global footprint of LSEG’s Trading & Banking Solutions business, with TORA’s established presence in Asia and North America and operations in Europe.

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