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Euromoney Institutional Investor PLC Completes Acquisition Of HSBC's Quantitative Techniques operation


Wednesday, 2 Oct 2013 02:00am EDT 

Euromoney Institutional Investor PLC announced that it has completed the acquisition of HSBC's Quantitative Techniques (QT) operation with effect from September 30. QT is the calculation agent business of HSBC Bank plc which creates and maintains more than 100 equity and bond indices for HSBC's Global Markets division and for over 60 external clients. The business has been rebranded Euromoney Indices. As part of the completion terms, HSBC has agreed to purchase index calculation services from Euromoney Indices for a minimum period of three years.