Markit, a leading, global financial information services company, today announced that it has acquired Quantitative Services Group LLC (QSG). QSG is a leading provider of independent equity research, advanced trading analytics and investment consulting services.
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.
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.”
Tim Sargent, CEO of QSG, said: “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.”
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