London Stock Exchange plc to acquire Turquoise Derivatives

  • Platform to be wholly owned and operated as part of London Stock Exchange RIE
  • Completion expected during Q4 2013

London Stock Exchange plc has entered into an agreement to acquire Turquoise Derivatives (the Transaction), the derivatives business of Turquoise Global Holdings Limited (Turquoise).

The platform, which will be renamed ‘London Stock Exchange Derivatives Market’, will continue to operate as it currently does, but as part of a Regulated Market of a Recognised Investment Exchange (RIE). Turquoise will continue to operate a pan-European cash equities multilateral trading facility (MTF).

As a platform operated as part of a Regulated Market, London Stock Exchange Derivatives Market will allow customers to improve the efficiency of their clearing and margin arrangements in light of the requirements under the European Market Infrastructure Regulation (EMIR).

Completion of the Transaction, which is subject to certain conditions, including regulatory non-objections, is expected to take place during Q4 2013.

 

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For further information, please contact:

Media

Jonny Blostone / Lucie Holloway
+44 (0) 20 7797 1222
newsroom@lseg.com

 

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European MTF, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, Unavista, Proquote and RNS, as well as access to over 200,000 international equity, bond and alternative asset class indices, through LSEG’s world leading index provider, FTSE.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com