The London Stock Exchange Group (LSEG) has secured a £170 million investment from 11 of the world’s largest banks, strengthening its post-trade operations and deepening ties with key industry partners.
The investment, announced alongside the group’s Q3 2025 results, values LSEG’s Post Trade Solutions arm at £850 million and marks another milestone in the company’s strategy to expand its data and risk management technology footprint.
Participating banks include Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, HSBC, J.P. Morgan, Morgan Stanley, Nomura, Société Générale, and UBS, who will together take a 20% stake in the Post Trade Solutions business.
The announcement came as LSEG posted another quarter of steady growth. Total income rose to £2.3 billion, up from £2.2 billion a year earlier, while gross profit increased 6.5% to just over £2 billion, as costs grew more slowly than revenues.
Its Data & Analytics division – home to flagship products such as Refinitiv and Workspace – generated £982 million in revenue, up 4.9%, while FTSE Russell climbed 9.3% to £241 million.
The Post Trade Solutions business, which provides technology for the over-the-counter (OTC) derivatives market, brought in £96 million in revenue and £16 million in EBITDA last year.
Under the new structure, LSEG will increase its share of revenue from SwapClear, the central clearing service operated by its subsidiary LCH Group.
Founding banks’ revenue entitlement will fall from 30% to 15% in 2025, and then to 10% in 2026, while LSEG will pay £1.15 billion over two years for the change — with an additional £200 million 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 earnings enhancement.”
“We continued our strong momentum in Q3, driving growth across all business lines. With our partnerships in AI and data analytics, and a new phase of buybacks, we’re confident in LSEG’s long-term growth potential.”
The group also reiterated its ambition to position itself as a data and technology powerhouse in global finance. LSEG is expanding its collaborations with Microsoft, Databricks, Rogo and Snowflake, embedding its data into AI-driven analytics and trading platforms.
It has launched an Azure-based trade routing network connecting over 1,600 investment firms, and new AI features on its Workspace platform are expected to go live before year-end.
LSEG has already completed £938 million of its current £1 billion share buyback, and will launch another £1 billion programme by early 2026 — bringing total planned capital deployment to £3.5 billion.
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 capitalisation of £44.8 billion.
Schwimmer said the company enters the final quarter of 2025 “with strong momentum, accelerating profitability, and 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 reaffirms that spirit — and our partners’ commitment to advancing the post-trade ecosystem.”
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London Stock Exchange seals £170m deal with 11 global banks to strengthen post-trade operations