The (LSEG) has published its preliminary financial results for the year ended December 31, 2018. During the 12 month period, the firm managed to achieve an overall solid year, with revenue and operating profit increasing.
For the Group, total revenue was £1.911 billion. This is an increase of 8 per cent when compared to the previous year, which had total revenue of £1.768 billion.
Total income was also up on a year-on-year comparison by 9 per cent, climbing from £1.955 billion in 2017 up to £2.135 billion in the 12 months ended December 31st.
The FTSE Russell also achieved an uptick in revenue, posting a 15 per cent revenue growth year-on-year, or 8 per cent on an organic constant currency basis. According to the results, as of December 31, 2018, the had $16 trillion assets under benchmark.
LCH Achieves Strong Financial Results in 2018
As , during 2018, LSEG increased its majority stake in the London Clearing House (LCH) Group to 82.6 per cent.
This along with other factors contributed to the . As outlined by the report released today, the company’s over-the-counter (OTC) revenues were up 16 per cent.
The clearinghouse provides a number of services, including risk management capabilities across a range of asset classes, including (forex), equities, commodities and more.
LCH SwapClear, which provides liquidity in the OTC interest rate swap market, saw a 23 per cent year-on-year growth in notional value cleared, reaching $1 quadrillion, the statement said. The service also compressed $773 trillion trades.
The clearinghouse’s forex derivatives clearing service, LCH ForexClear, on the other hand, achieved a 54 per cent jump in the cleared notional. During the year, the division also launched foreign exchange (forex) options.
The company also expanded its forex services during the year. As we reported back in November, from the Japanese Financial Services Agency to clear FX non-deliverable forwards (NDFs) on behalf of the company’s clients based in Japan.
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