ECONOMYNEXT – London Stock Exchange group said it had completed the acquisition of Refinitiv, a data analytics group in a stock offer.
“This transformational transaction brings together two highly complementary global businesses with a shared commitment to an Open Access philosophy, working in partnership with customers,” LSEG’s Chief Executive Officer, David Schwimmer said.
“LSEG is focused on delivering the benefits of the transaction helping customers to access data, trading tools, analytics and risk management across the financial markets and at scale around the globe.
“LSEG is well positioned for long-term sustainable growth in a rapidly evolving landscape as a leading global financial markets infrastructure and data provider.
“Customers have access to significantly enhanced datasets. And we have added new execution venues in the two largest traded asset classes: foreign exchange and fixed income.”
LSEG said over half its employees were now based across Asia.
In 2009 it bought LSEG Technology (formerly known as MillenniumIT) which develops core securities trading software. (Colombo/Mar09/2021)