M&A Deal Summary

MarketAxess Acquires Deutsche Boerse AG - Regulatory Reporting Hub

On September 23, 2020, MarketAxess acquired financial services company Deutsche Boerse AG - Regulatory Reporting Hub from Deutsche Boerse

Acquisition Highlights
  • This is MarketAxess’ 1st transaction in the Financial Services sector.
  • This is MarketAxess’ 1st transaction in Germany.

M&A Deal Summary

Date 2020-09-23
Target Deutsche Boerse AG - Regulatory Reporting Hub
Sector Financial Services
Buyer(s) MarketAxess
Sellers(s) Deutsche Boerse
Deal Type Divestiture

Target

Deutsche Boerse AG - Regulatory Reporting Hub

Eschborn, Germany
Deutsche Boerse's Regulatory Reporting Hub is a pan-European reporting and compliance platform that enables buy- and sell-side clients to meet their regulatory obligations and transparency requirements across multiple regulations, such as MiFID II and EMIR. Services include transaction and trade reporting, best execution reporting, and SI services, as well as APA and ARM services.

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Buyer(S) 1

Buyer

MarketAxess

New York, New York, United States

Category Company
Founded 2000
Sector Financial Services
Employees891
Revenue 817M USD (2024)
DESCRIPTION

MarketAxess is an electronic trading platform that enables fixed-income market participants to efficiently trade corporate bonds and other types of fixed-income instruments using MarketAxess' patented trading technology. MarketAxess was founded in 2000 and is based in New York, New York.


DEAL STATS #
Overall 4 of 5
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-16 MuniBrokers

Jersey City, New Jersey, United States

MuniBrokers is an aggregator of content distribution, trade processing, client connectivity, and liquidity provision for the municipal inter-dealer broker market. MuniBrokers is based in Jersey City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Pragma

New York, New York, United States

Pragma is an independent, quantitative trading technology provider specializing in algorithmic and analytical services. Its broker-neutral, multi-asset trading solutions power traditional asset managers, hedge funds, broker-dealers, global banks, and exchanges. Pragma is based in New York, New York.

Buy -

Seller(S) 1

SELLER

Deutsche Boerse

Frankfurt am Main, Germany

Category Company
Founded 1585
Sector Financial Services
Employees14,502
Revenue 7.0B EUR (2024)
DESCRIPTION

Deutsche Boerse is an exchange organization. The product and service portfolio covers the entire process chain from securities and derivatives trading, clearing, settlement and custody, through to the provision of market data and the development and operation of electronic trading systems. Deutsche Boerse was founded in 1585 and is based in Eschborn, Germany.


DEAL STATS #
Overall 2 of 3
Sector: Financial Services M&A 2 of 3
Type: Divestiture M&A Deals 2 of 3
Country: Germany M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-17 Quantitative Brokers

New York, New York, United States

Quantitative Brokers is an independent, global financial technology company, provides advanced algorithms and data-driven pre and post-trade analytics to clients in the Futures, Options, and interest rate markets. The company is built on a research-driven culture, market microstructure know-how, and algorithmic engineering expertise. QB continually develops and innovates an evolving suite of products to reduce and measure implicit trading costs for its clients. Quantitative Brokers was founded in 2008 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 ISS

Rockville, Maryland, United States

Institutional Shareholder Services, Inc. is a provider of corporate governance and responsible investment (RI) solutions for asset owners, asset managers, hedge funds, and asset service providers. ISS’ solutions include objective governance research and recommendations; RI data, analytics, advisory, and research; end-to-end proxy voting and distribution solutions; turnkey securities class-action claims management (provided by Securities Class Action Services, LLC); and reliable global governance data and modeling tools. Clients rely on ISS’ expertise to help them make informed corporate governance and responsible investment decisions. Institutional Shareholder Services was formed in 1985 and is based in Rockville, Maryland.

Buy $2.3B