The LSE plans to combine FTSE with Russell Indexes, to diversify its revenue streams and expand into the US market, creating a global index business with more than $9 trillion in assets benchmarked to its indexes.
The combined business would have $466 million in revenues and is expected to deliver annual run-rate cost savings of $78 million by end of the third year following the acquisition, as a result of initiatives including combining sales structures and research functions, eliminating data
WatersTechnology attended the Futures Industry Association's annual conference in Boca Raton, Florida. These are the takeaways.Subscribe to Weekly Wrap emails
- The Insurgents: Fintechs Are Knocking Off Incumbents
- CFTC Commissioners Lash Out at EC Clearing Proposals
- Waters Wavelength Podcast Episode 113: IBM's Lund on Blockchain's Evolution
- Wrestling Over Competing Mifid II, GDPR Data Demands
- MarketAxess Banks on Asian Electronic Markets with BlackRock Partnership