London Stock Exchange Posts Strong 1Q and Isn't Staying Idle After Merger's Postmortem
Narrow-moat London Stock Exchange posted a strong first quarter and doesn't appear to be suffering any ill effects after its canceled merger with Deutsche Boerse. LCH income increased 31% year over year and has been more robust than we anticipated. Even after normalizing for favorable currency tailwinds, revenue would have increased by 21%. OTC revenue in particular exhibited strong growth. SwapClear, the company’s large interest-rate derivatives liquidity pool, has continued to be a growth driv...London Stock Exchange Group is a global markets infrastructure business based in the United Kingdom. Co's operating segments include: Information Services, which provides a range of information and data products including indexes and benchmarks; Post Trade Services LCH, which provides clearing services through which counterparty risk is mitigated across multiple asset classes; Capital Markets, provides access to capital for domestic and international businesses and electronic platforms for secondary market trading of equities, bonds and derivatives; and Group Technology, which provides secure technologies to customers that require performance at high levels of availability and throughput.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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