Deutsche Börse to merge SimCorp and Axioma, shuttering Qontigo
The German exchange also plans to have 70% of its ‘IT state’ in the cloud by 2026.
Speaking at Deutsche Börse’s Investor Day, held on November 7, CEO Theodor Weimer announced that the integration of Danish trading tech vendor SimCorp into the business was complete, and that it would be merging with Axioma, a subsidiary of the exchange since 2019 and partner of SimCorp since 2021. Axioma currently provides factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions to buy-side clients.
Deutsche Börse’s acquisition of SimCorp in May marked
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