LSEG income surges 7.5% year-on-year in Q1

In a trading statement today (27 April), the firm reported growth of 6.4% on an organic basis, while excluding the impact of the Russian invasion of Ukraine, growth sat at 8%. Meanwhile, its post trade growth jumped to 16.8%, with OTC derivatives rising 30.7% on "very strong activity in SwapClear" due to heightened market volatility, as well as reference rate reform as the firm's clients switch from dollar LIBOR contracts to SOFR. "Net treasury income was up 20.5% on higher collateral balances and a slight increase in the yield achieved," it said. LSEG partners with digital tradi...