London, 19th June 2017 – Sporting Index Group has acquired Touchbet, an algorithmic sports trading and risk management business, for an undisclosed sum.

Touchbet, based in Sweden and Malta, operate in a complementary space to Sporting Solutions, the award-winning B2B arm of the Sporting Index Group.

The acquisition enhances Sporting Solutions’ existing Risk Management Services (RMS), whereby Sporting Solutions provides outsourced pricing and trading expertise to leading sportsbooks and manages their customer-generated liabilities.

Founded in 2006, Touchbet manages risk on an average betting volume of circa €4 billion per annum. All core systems are proprietary, adding to the Sporting Index Group’s ethos of building and owning all of its own technology.