Markit has acquired Quantitative Services Group (QSG), a provider of independent equity research, trading analytics and investment consulting services. Financial terms were not disclosed.
Markit says the deal expands its capabilities in equities and enables it to expose its data products to QSG's statistical processes and create new tools for investment managers and traders.
The firm also plans to expand QSG's research and services to the global over-the-counter markets.
Armins Rusis, global head, data, indices and research, Markit, says: "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."
Ten year old QSG is privately-held. Goldman Sachs took a minor position in the firm in 2008, when it added QSG's research output to its Hudson Street platform.