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LSEG gets regulatory approval for $27 billion Refinitiv deal

LSEG gets regulatory approval for $27 billion Refinitiv deal

The approval of the acquisition brings a lengthy Regulatory review of the deal, which will see Refinitiv owner Blackstone take a stake in LSE and will clear the way for a major new rival to Bloomberg.

The authorities have been concerned that the acquisition would give the London bourse too much market data control, enabling preferential treatment to customers or blocking out rivals completely.

As part of the regulatory agreement, LSE will continue to offer its global OTC interest rate derivatives clearing services on an open-access basis. The Exchange will also provide access to the LSE venue data, FTSE UK Equity Indices and WM/R FX Benchmarks to all existing and future downstream competitors.

LSE expressed its commitment to these remedies for the next 10 years.

The post LSEG gets regulatory approval for $27 billion Refinitiv Deal appeared first on LeapRate.



This post first appeared on Ironfx Review: An Overview, please read the originial post: here

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LSEG gets regulatory approval for $27 billion Refinitiv deal

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