LSEG Sees Solid Q1 2019, LCH Notes 14% Uptick in Revenues

The London Stock Exchange Group (LSEG) has published a trading statement this Wednesday morning which outlines its revenues and financial indicators for the first quarter of 2019.
Following on from a , LSEG has managed to maintain its current momentum, largely thanks to the companies information services and post-trade services through LCH.

For the group, total revenue increased slightly by 3 per cent year-on-year, climbing from £470 million in the first quarter of 2018, to £486 million in Q1 of 2019.
Total income for the Group also managed to note a yearly uptick, with total income coming in at £546 million, which is higher than the same period of the previous year by 5 per cent.
Altogether, gross profit for LSEG rose by 6 per cent from £464 million in the first quarter of last year to £490 million in the most recent quarter.
LCH Achieves Solid Revenues and Income in Q1
In 2018, LCH in terms of trading volumes. In the first quarter of this year, revenues were £134 million. This represents an uptick of 14 per cent from the same quarter in 2018.
Income also managed to climb by 17 per cent in the first quarter of 2019 to £182 million and the clearinghouse achieved a 16 per cent annual revenue growth in over-the-counter (OTC) following record volumes at SwapClear.
LCH is a multi-national clearing house controlled by the LSEG. The clearinghouse provides risk management capabilities across a range of asset classes, including foreign exchange (forex), equities, commodities and more.
Despite the uncertainty surrounding Brexit, the trading statement said that the UK’s exit from the European Union isn’t deterring firms from closing deals on some of its markets, even despite challenging conditions.
ForexClear Notional Value Increases YoY
The clearinghouse’s , which also achieved a record 2018, managed to note a slight improvement in the first quarter on a year-on-year comparison.
Specifically, the notional value cleared through ForexClear was $4.31 trillion in the first quarter, which is higher by 1 per cent than the $4.29 trillion notional value cleared in Q1 of 2018.
Furthermore, the amount of ForexClear members also increased, with four new members joining the service since Q1 of 2018. This brings the total to 34 members.