Further to its announcement on April 4, 2013, PLC (“Euromoney”), the international online information and events group, confirms that it has completed the acquisition of HSBC’s Quantitative Techniques (“QT”) operation with effect from September 30. QT is the benchmark and 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.
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