Wednesday, March 22, 2017

Quantlab Acquires IP, Employees From Teza

Houston-based Quantlab Financial, a quantitative electronic trading firm, announced this morning that it has acquired certain technology and intellectual property assets--including 20 employees--from Teza Group. Financial terms of the acquisition were not announced. According to Quantlab, it will create a new subsidiary, Quantlab Futures Technology, Inc., which will develop and deploy quantitative trading strategies for global futures markets. That new subsidiary will be based in New York and Chicago.