The London Stock Exchange Group has come a long way in the past 30 years. Until 1991, it was run as a club, with its own chess, bridge and sports teams, as well as choral and amateur dramatic societies.
It is singing a very different tune now, serving all leading global banks and most top asset managers as a data and analytics provider that also runs equity and foreign exchange markets and processes paperwork. It likes to think of itself as “an integrated ecosystem”.
The expansion of LSE Group’s data and analytics division last year through the $27 billion acquisition of Refinitiv led to what was viewed as a bout of indigestion that made its shares one of the worst performers in the FTSE 100
