London Stock Exchange (LSE) has revealed how its planned buy-out of FTSE is intended to fuel the group's derivatives growth strategy.
The LSE Group announced their agreement to acquire the remaining 50% stake to take full control of the FTSE International business from Pearson.
Speaking to FOWi, David Lester, chairman of LSE’s derivatives trading platform Turquoise, explained how he believes the FTSE will be a key asset in expanding LSE’s derivatives offering.
“This is a completely separate strand for our derivatives business,” said Lester. “There are two key things we need to unlock for derivatives: one is intellectual property and the other is fungibility.”
According to Lester, the FTSE team understands what...