Trading Statement including Revenues and KPIs for the three months ended 30 September 2019 (Q3)
18 October 2019
Commenting on performance in Q3
David Schwimmer, CEO, LSEG said:
“The Group continues to perform well and has delivered a strong Q3 performance. LCH’s OTC clearing services saw continued strong volumes during the period in both member and client clearing. In Information Services, FTSE Russell reported 10% growth as subscription revenues remained strong. Capital Markets also produced a good overall performance against a backdrop of continued challenging market conditions.
“During the quarter, we announced the proposed acquisition of Refinitiv, a leading global provider of data, analytics and financial markets solutions. This is a transformational transaction that accelerates our Group’s strategy, positioning us in key areas of future growth as a global financial markets infrastructure leader. Together, we will create a multi-asset class capital markets business and bring world class data content, management and distribution capabilities to our customers on an open access basis. The transaction offers substantial strategic and financial benefits to our shareholders, customers, employees and other stakeholders.”