Trading

LSE clarifies clearing cost savings comments

UK exchange group issues its second clarification of the week relating to its merger with Deutsche Börse

Thursday 28 April 2016 at 06:18

LSE clarifies clearing cost savings comments
Photo: iStockPhoto

The London Stock Exchange Group has been forced to admit it has not yet worked out potential capital savings to users from its proposed merger with Deutsche Börse – the second clarification related to the deal it has had to make this week.

On April 27, the LSE filed a regulatory news statement to clarify that potential capital savings to users resulting from the deal had not yet been clarified. The Financial Times reported on March 8 that the two exchanges were set to promise users capital savings of up to $7 billion from the merger.