Euromoney signs HSBC deal

Euromoney, the online financial information publisher, said yesterday it had acquired HSBC’s Quantitative Techniques business, which creates and runs more than 100 equity indices. Euromoney said the division, which serves HSBC’s global markets arm as well as other clients, would be an opportunity “to establish a significant footprint in the attractive index compilation market”. The sale will be completed after a six month transition phase.