LSEG’s Post Trade Services Businesses See Steady Growth in Q2

The post trade services businesses of the London Stock Exchange Group (LSEG) saw steady revenue growth for the three months ended June 30, 2014.
By Janet Du Chenne(59204)
The post trade services businesses of the London Stock Exchange Group (LSEG) saw steady revenue growth for the three months ended June 30, 2014.

Cassi di Compensazione e Garanzia, the provider of central counterparty services and Monte Titoli, the central securities depository posted revenue growth of 4%, and 8% on an organic and constant currency basis with increases in clearing volumes and within settlement and custody.

LSEG saw strong financial performance – first quarter adjusted total income increased 16% to £323.9 million. Revenue increase 20% overall, with growth across nearly all business segments.

Profit before tax increased 26% to £129.8 million (Q1 FY 2014: £103.1 million); profit before tax of £83.6 million (Q1 FY 2014: £59.7 million)

Capital Markets revenues were up 16%, with strong growth in primary markets as the number of new issues more than doubled; secondary markets benefitted from improvements in fixed income trading and Italian cash equity volumes, says LSEG.

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