Financial Digest

London Stock Exchange keeps central role in clearing ahead of Brexit

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London Stock Exchange shrugged off a slowdown in equity trading as its clearing ...

- London Stock Exchange shrugged off a slowdown in equity trading as its clearing house saw record volumes, a signal that attempts by rival Deutsche Boerse to divert business from London to Frankfurt ahead of Brexit had made little headway.

The LSE on Wednesday reported higher first-quarter income as its clearing and information services businesses grew strongly against what it called a challenging market backdrop. Italian payments group Nexi listed on LSE’s Borsa Italiana in April, raising $2.6 billion, marking the biggest market debut globally in 2019.

 

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