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Top banks and the LSEG say they want to bring new efficiencies to the bilateral OTC derivatives market.
Eleven global banks have agreed to take a 20 percent stake in the Post Trade Solutions business of the London Stock Exchange Group — a division valued at £850 million ($1.134 billion) — and in return will influence the strategies and future of the LSEG’s post-trade offerings, for over-the-counter (OTC) derivatives, officials say. The designated...
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