Published: October 23, 2025 at 7:30 am
The London Stock Exchange Group says 11 global banks have invested in its Post Trade Solutions business.
The banks together take a 20% stake for a combined £170m, valuing the division at £850m.
The banks are: Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, HSBC, J.P. Morgan, Morgan Stanley, Nomura, Societe Generale and UBS.
Post Trade Solutions generated revenue of £96m and normalised EBITDA of £16m in 2024.
The Investing Banks are major customers of LSEG’s clearing services and Post Trade Solutions business. Three directors nominated by the Investing Banks will join the board of Post Trade Solutions.
LSEG added in a statement: “LSEG will also acquire an increased proportion of the revenue surplus from the SwapClear business. Previously, the founding members of SwapClear, which include the investing banks (highlighted above), were entitled to c.30% of SwapClear’s revenue surplus through to 2035. This will [now] reduce to 15% for 2025 and 10% from 2026.”
Post Trade Solutions brings together Acadia, Quantile and SwapAgent to streamline operations, reduce risk and improve capital efficiency.
SwapClear is the market’s longest-serving global interest rate swap clearing service.