The London Stock Exchange Group (LSEG) has secured a £170 million investment from 11 of the world’s largest banks, strengthening its post-trading activities and deepening relationships with key industry partners.
The investment, announced alongside the group’s third quarter 2025 results, values LSEG’s Post Trade Solutions arm at £850 million and marks another milestone in the company’s strategy to expand its presence in data and risk management technology.
Participating banks include Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, HSBC, JP Morgan, Morgan Stanley, Nomura, Société Générale and UBS, which will together take a 20% stake in the Post Trade Solutions business.
The announcement came as LSEG posted another quarter of steady growth. Total revenue rose to £2.3bn from £2.2bn a year earlier, while gross profit rose 6.5% to just over £2bn as costs rose more slowly than revenue.
Its Data & Analytics division – home to flagship products such as Refinitiv and Workspace – generated revenue of £982m, up 4.9%, while FTSE Russell rose 9.3% to £241m.
Its Post Trade Solutions division, which provides technology for the over-the-counter (OTC) derivatives market, had sales of £96m and EBITDA of £16m last year.
Under the new structure, LSEG will increase its share of revenue from SwapClear, the central clearing service of its subsidiary LCH Group.
The founding banks’ turnover entitlement will fall from 30% to 15% in 2025 and then to 10% in 2026, while LSEG will pay £1.15bn over two years for the change – with a further £200m linked to performance milestones.
Chief Executive David Schwimmer said the transaction “strengthens our partnership and strategic alignment with key customers” and “delivers attractive margin and revenue improvements.”
“We continued our strong momentum in the third quarter, driving growth across all business areas. With our partnerships in AI and data analytics, as well as a new phase of buybacks, we are confident that LSEG has long-term growth potential.”
The group also reiterated its ambition to position itself as a data and technology leader in global finance. LSEG expands its collaboration with Microsoft, Databricks, Rogo and Snowflake and embeds its data into AI-driven analytics and trading platforms.
The company has launched an Azure-based trade routing network connecting over 1,600 investment firms, and new AI capabilities on its Workspace platform are expected to go live before the end of the year.
LSEG has already completed £938m of its current £1bn share buyback and will launch a further £1bn program by early 2026 – bringing its total planned capital deployment to £3.5bn.
The group’s shares, which had fallen around 20% earlier this year, rose more than 5% to 9,172p following the announcement, giving LSEG a market capitalization of £44.8bn.
Schwimmer said the company enters the final quarter of 2025 “with strong momentum, increasing profitability and a clear strategic direction.”
Daniel Maguire, Head of Markets and CEO of LCH Group, added: “SwapClear was a pioneer in innovation 25 years ago. This transaction reinforces that spirit – and our partners’ commitment to advancing the post-trade ecosystem.”
