LSEG acquires XTF
- XTF is a provider of U.S. ETF data, analytics and ratings
- Acquisition adds to LSEG’s leading offering in the ETF space
- Growing demand for greater research tools to track $3 trillion global ETF market
London Stock Exchange Group (LSEG) today confirms that it has completed the acquisition of assets, through its Information Services division, from XTF Inc., a U.S. based provider of high-quality ETF data, analytics and ratings. The terms of the transaction have not been disclosed. The business will be integrated into LSEG’s Information Services Division, which includes FTSE Russell, a global leader in indexes, and a range of real time and reference data products, including SEDOL, UnaVista and RNS.
Founded in 2008, XTF delivers to customers a comprehensive historical database of exchange traded fund (ETF) information covering the U.S., Canada and Japanese markets, including data on fund objectives, holdings, underlying index, portfolio exposure and peer group analysis. This data is available to customers through a searchable website, direct data links and white label solutions.
The ETF market is one of the fastest growing product classes amongst institutional and retail investors and is estimated to account for 20 per cent of global assets under management (AUM) by 2020. The rapid growth of this asset class has led to an increasing demand for analytic tools to help support investment decisions. XTF’s proprietary data and research tools cover over 6,000 indexes across asset class, sector and industry in over 30 countries. They track the performance and flow of funds globally related to the underlying constituents of all U.S.-listed ETFs. Clients include the leading broker dealers, investment advisory firms, trade execution platforms, hedge funds, ETF sponsors, portfolio managers, RIAs, retail investors, and financial websites.
Mark Makepeace, Group Director of Information Services and CEO of FTSE Russell said:
“The acquisition of XTF adds a further element to LSEG’s leading offering in the ETF space. The rapid rise of the global ETF market is prompting demand from institutional and retail investors and their intermediaries for access to high quality global analytic tools and XTF offers a complementary product suite to sit alongside the Group’s global benchmarks and ETF listing venues.”
Mel Herman, President & CEO at XTF Inc. said:
“XTF is delighted to be joining London Stock Exchange Group and its growing Information Services division. Our offering complements the FTSE Russell global benchmarks business, as well as LSEG’s listing venues. We look forward to expanding XTF’s global data offering.”
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For further information:
Lucie Holloway +44 (0)20 7797 1222
Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.
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 Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, 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. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.
The Group is a global leader in indexing and analytic solutions. FTSE Russell offers thousands of indexes that measure and benchmark markets around the world. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, and RNS.
London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. Currently, over 40 organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology, including the Group’s own markets.
Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.
Further information on London Stock Exchange Group can be found at www.lseg.com