The London Stock Exchange Group Plc is in talks to combine with financial data analytics and trading platform Refinitiv, the Financial Times ...
LONDON/NEW YORK: The London Stock Exchange Group Plc is in talks to combine with Refinitiv, less than a year after buyout firm Blackstone Group Inc acquired a majority stake in the data analytics platform in a US$20 billion deal, a person familiar with the matter said on Friday.
"The global exchanges are focusing more and more on data and technology as revenue drivers, and less on the actual matching of buys and sells," said Kevin McPartland, head of market structure and technology research at Greenwich Associates. Buying Refinitiv could help soften the blow for LSE from a bout of market volatility that is expected should Britain leave the European Union by an Oct. 31 deadline without an exit deal.
Under Blackstone's majority ownership, Refinitiv has been shedding non-core assets. In April, it launched an initial public offering of Tradeweb Markets Inc , an electronic trading platform for bonds and derivative instruments.
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