The London Stock Exchange is in talks to combine with financial data analytics and trading platform Refinitiv
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The London Stock Exchange is in talks to acquire data analytics platform Refinitiv in a $20 billion deal, according to a person familiar with the matter.
Professional information provider Thomson Reuters Corp, the parent of Reuters News, owns a 45% stake in Refinitiv. "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.
A merger would significantly expand LSE's information services business, which the bourse operator has been building as a more stable source of cash flow than its primary transaction-reliant businesses.
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