LONDON (Reuters – Britain’s Competition Watchdog announced Tuesday that they had found no evidence of a breach in the competition law. London Stock Exchange Quantile Group and Quantile Group can offer satisfactory undertakings until May 10th to avoid an in-depth probe into the merger.

LSEG reported in December that Quantile had been purchased by it for as much as 274 million Pounds ($343.49 Million). The acquisition was to improve its post-trade risk management services to financial institutions, hedge funds, banks and others trading derivatives.

On Tuesday, the Competition and Markets Authority stated that it was possible to expect that the merger would result in significant less competition in one or more markets within the United Kingdom.

($1 = 0.7977 pounds)