Eurex

LSE "Excited" To Raise Competition Against DB, NYSE

The London Stock Exchange Group PLC (LSE.

LN), which posted higher full-year profits Friday, said it is focusing on integrating the businesses it has bought recently, and is "excited" to use its growing post-trade, clearing and derivatives businesses to compete head-on with larger rivals Deutsche Boerse AG (DB1.XE) and NYSE Euronext (NYX).Chief Executive Xavier Rolet said that, apart from its traditional U.K. equities-trading business, "we do see the focus on much larger asset classes for us going forward, particularly in the fixed-income market where we've made remarkable progress and in derivatives as well where we now have the tools in our kit--intellectual property and, if LCH is approved, access to collateral pools--to compete with the European duopoly [Deutsche Boerse and NYSE Euronext]. We're excited about that."In March, the LSE announced a EUR463 million deal to buy up to 60% of LCH, a move that will enhance the LSE's post-trade business and strengthen its derivatives platform....

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