Strategy in action

Our ambition is to become a leader in global markets infrastructure. We are focused on establishing our Group as an innovative, customer-focused organisation that delivers leading market infrastructure services
on a global basis.

Our strategy is set against this ambition, and our activities are aligned to 3 strategic pillars. Reflecting the way the Group has expanded and developed in recent years, we have refined these strategic pillars to update our approach for realising our ambition.

Strategy Progress - Selected Examples
Delivering best in class capabilities We continue to develop our skills, tools and assets to ensure we are able to capitalise on emerging customer needs – driving increased operational efficiency so we always execute on time, and to budget
  • Announced the agreed sale of Russell Investment Management for £752 million (US$1,150 million)
  • LCH.Clearnet increased cost synergies target to €100 million run-rate per annum, delivered by end of 2017
  • FTSE Russell index synergies remain on track to deliver announced targets
  • Acquisition of Exactpro to enhance in-house quality assurance and IT/systems testing capabilities
  • Announced plans to provide interest rate portfolio margining service through LCH.Clearnet (“LCH Spider”)
  • Disposal of Proquote, a market data vendor and retail trading provider
  • Initiated LCH.Clearnet systems transformation programme, including technology replatforming
Driving global growth Our commitment to continuing dynamic expansion across the value chain, products and geographies, and maximising value across the Group’s businesses
  • Monte Titoli live in TARGET2-Securities; X-COM launched
  • FTSE Russell developing new products and benchmarks, ~US$10 trillion in assets benchmarked to its worldwide indexes
  • New ETF issuers joined our markets from Canada, China, India, Japan and US
  • ELITE programme expansion into Europe; launch of ELITE Connect
  • Announcement of new Rates Services-focused business division with dedicated management
  • Information Services businesses, such as SEDOL and UnaVista, working alongside FTSE Russell’s global presence and capabilities expanding into North America and Asia
  • globeSettle pilot launched and the technology build completed
Developing our partnership approach A crucial difference between the Group and our main competitors. Through our Open Access philosophy, and driven by continued innovation, it creates optionality to develop commercial and corporate opportunities amidst ongoing industry and regulatory change
  • Announced FTSE Russell licensing agreements with CBOE and CME
  • Turquoise selected by PLATO Partnership for dark block equity trading services
  • Announcement of CurveGlobal, a new interest rate derivatives joint venture in partnership with major dealer banks and CBOE
  • Launched Turkish Equity Index Derivatives on London Stock Exchange Derivatives Markets (LSEDM) through our partnership with Borsa Istanbul
  • Enhanced Group-wide customer relationship management programme
  • Heads of Terms signed with Boat Services to build a MiFID II compliant Trade Reporting service