LSEG Chairman discusses Open Access as part of Group's annual statement
Open Access was one of the themes brought out at the LSEG AGM statement:
"Looking ahead, MiFID legislation in Europe will promote competition, lower costs and increase capital efficiencies. Provisions for greater customer choice, known as 'open access', particularly in clearing, will reduce the fragmentation of risk and increase market efficiency. Our commitment to 'open access', which is a philosophy shared with LCH, remains a strategic differentiator for the Group and extends across all of our products and services, from clearing, to benchmarks, to technology, to settlement. It allows for better tailoring of our offering for different markets and creates greater potential for innovation in response to customer demand, bringing us closer to the buy side, sell side and corporate issuers."