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London Stock Exchange Q3 income up 12%

Christian Fernsby ▼ | October 18, 2019
London Stock ExchangeLondon Stock Exchange Group Q3 total income was up 12% to £587 million.
London Stock Exchange
London Stock Exchange   Strong results were driven by 22% revenue growth in OTC clearing

Topics: London Stock Exchange

Post Trade - LCH: income up 19% to £197 million. Strong results driven by 22% revenue growth in OTC clearing with strong volumes at SwapClear and continued growth in net treasury income, up 16%.

Post Trade - Italy: income up 8% to £39 million. Good performance supported by growth in clearing, settlement, custody and net treasury income, reflecting good volumes in fixed income.

Capital Markets: revenues up 14% to £102 million. On a like-for-like basis (adjusting for last year’s IFRS 15 change), revenue increased 5%, with growth in Primary Markets and in fixed income trading partly offset by subdued equity markets trading.

Technology: revenues up 2% to £16 million.