LSE Group rebuffs claims of relocation plans

Monday, 16. January 2017 14:29

The €26 bilion merger of two stock exchange operators in Europe won't result in any shifts of operations, London Stock Exchange Group Plc said on Monday, in reaction to "recent press speculation." A study, reported on by the Times on Monday, raised questions about the possibility Deutsche Boerse could move the derivatives platform from London to Frankfurt. The document has been commissioned by the German company.

"Deutsche Boerse has a good chance of winning significant long-term market share in the areas of interest rate and currency trading and of relocating trading from London to Frankfurt if the market participants in London are given unrestricted access to superior trading platforms... Frankfurt might indeed become the European centre for supranational risk management rate and currency transactions, which at present are largely cleared in London, the study reveals.

LSE Group added the regulatory framework of all regulated entities remains and units will stay at current sites after the execution of the merger: Eurex and Clearstream in Frankfurt, LCH clearing in London and the United States, Monte Titoli in Milan, and CC&G in Rome. European regulators should decide on the integration by mid-March.

Related Links: London Stock Exchange Group plcDeutsche Börse AG
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