Trading

LSE Group shuts derivatives platform as CurveGlobal Markets fails to woo traders

Foray into derivatives market will end next January as City fails to gain ground on EU rivals

The London Stock Exchange
The London Stock Exchange Photo: Getty Images

London Stock Exchange Group is set to shutter its CurveGlobal Markets platform amid a lack of trader appetite for the derivatives exchange.

LSEG first announced it would launch the exchange in 2015. A host of banks, from Barclays, Citigroup and Goldman Sachs to JP Morgan and Societe Generale all backed the project with around £30m in funding, as the LSE looked to rival continental exchanges by building a fully-fledged futures market.

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