LSEG bolsters non-cleared ambitions with Acadia deal
The exchange group plans to build ‘a clearing house for the non-cleared world’, says LCH CEO Maguire.
The London Stock Exchange Group aims to turbo-charge the growth of a division that provides post-trade services for non-cleared derivatives with the acquisition of margin processing firm Acadia.
The planned deal, which was announced on December 19 and is pending regulatory approvals, follows LSEG’s £274 million takeover of post-trade optimization provider Quantile Technologies, which closed earlier this month.
Both acquisitions were made with an eye on bolstering the growth of LSEG’s SwapAgent
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