London Stock Exchange Group Buys Fintech Firm TORA for $325M

The London Stock Exchange Group (LSEG) has bought TORA, a provider of technology for the trading of multiple asset classes including crypto, for $325 million.

• The acquisition will add digital assets to LSEG's trading capabilities, the group announced on Tuesday.
• The deal opens the door for LSEG to offer crypto or non-fungible token (NFT) trading in the future. NFTs are digital assets on a blockchain that represent ownership of virtual or physical items.
• LSEG didn't respond to request for comment at press time.
• The acquisition is expected to close in the second half of this year, subject to regulatory approval.
• As the parent company of the London Stock Exchange, LSEG is a provider of global financial markets data and infrastructure.
• TORA provides systems for order and execution management and portfolio management for the trading of equities, fixed income and derivatives as well as digital assets.

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