LSE's shift toward OTC swaps clearing helps bottom line

11/13/2013 | Reuters · Financial Times (tiered subscription model)

Profit increased during the first half of London Stock Exchange Group's fiscal year, chiefly because the company has shifted its business to rely less on equities trading, which is shrinking, and more on its clearinghouse, LCH.Clearnet Group. LSE announced that it had negotiated a larger profit-sharing deal with banks that use, but also help govern, LCH.Clearnet.

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Reuters · Financial Times (tiered subscription model)

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