In a move set to reshape the future of financial infrastructure, the London Stock Exchange Group (LSEG) announced Thursday that it has sold a 20% stake in its Post Trade Solutions unit to a consortium of 11 of the world’s largest banks, including Barclays, J.P. Morgan, and Citi, for £170 million ($227 million).
The transaction, which values the entire Post Trade Solutions business at £850 million, will give the participating banks a direct hand in steering one of the most advanced post-trade platforms in global finance — a move analysts say could redefine how risk and efficiency are balanced in derivatives markets.
Freshfields LLP advised LSEG on the transaction, while legal counsel for the investing banks has not yet been disclosed.
Banking Giants Join Forces with the Exchange
The syndicate of investors reads like a who’s who of global banking: Bank of America, BNP Paribas, Deutsche Bank, HSBC, Morgan Stanley, Nomura, Société Générale, and UBS join Barclays, J.P. Morgan, and Citi in taking equity stakes.
Each bank will become a shareholder in Post Trade Solutions, which automates processes for uncleared derivatives, reducing operational friction and risk in over-the-counter (OTC) transactions.
The division generated £96 million in revenue in 2024, underlining its growing importance to LSEG’s post-trade ecosystem.
As part of the deal, the banks will nominate three directors to the company’s board, giving them a say in strategic decisions.
