The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2024, with significant improvement in capital markets, as well as goof performance in their data and analytics, FTSE Russell, risk intelligence, and post-trade segments.
David Schwimmer
LSEG’s capital market’s division saw the biggest year-on-year growth, up 18.2%, reaching £1.83 billion in 2024.
Within this division, LSEG highlighted Tradeweb’s continued strong growth track record in 2024. Trading innovations such as request-for-quote (RFQ), portfolio trading and Tradeweb Automated Intelligent Execution (AiEX) were all attributed to the strong year-on-year performance.
Looking at the exchange’s FX business, it also experienced volume growth, with average daily volume up 8.3% driven by FXall. Meanwhile in equities, LSEG claims that the London Stock Exchange (LSE) was the number one venue in Europe for raising equity capital, with £25 billion raised for 274 companies.
Elsewhere, the data and analytics offering saw a 2.0% year-on-year increase, totaling £4.01 billion, while LSEG’s FTSE Russell division saw an 8.8% rise year-on-year as compared to 2023, totaling £918 million.
Within LSEG’s data and analytics division, its Workflows offering saw accelerated growth throughout 2024, the exchange stated. Meanwhile, its Data & Feeds offering expanded the breadth and depth of its data offering and improved data access for users.
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Elsewhere, LSEG attributed increases in FTSE Russell revenues to a strong year, “driven by subscription growth”.
Risk intelligence and post-trade also saw increases compared to 2023, up 7.9% and 2.3%, achieving a total of £531 million and £1.19 billion, respectively.
As a result of growth spanning across the exchanges’ various divisions, total income (excluding recoveries) was up 7.7% year-on-year.
David Schwimmer, chief executive at LSEG, asserted that the exchange had delivered on its strategy in 2024.
“The product innovation we are bringing to customers continues to strengthen our position in the market, and we have made great progress on our transformation. We have successfully generated top line growth with improved profitability.
“Our guidance for continued growth and improving profitability in 2025 demonstrates our confidence in our model, which has consistently delivered strong performance across a range of market conditions. We remain committed to innovating for customers and driving returns for shareholders.”