The exchange group said LCH saw record volumes across multiple clearing services throughout the year, driven by new business as well as additional flow from existing customers. Revenue at The London Stock Exchange Group climbed 17%, YoY, in 2017, driven largely by a 24% surge in turnover at its information services division to £736m ($1bn) from £595m. But the company said it was also benefiting from an increase in revenue for its investment banking and wealth management businesses as well as increased sales of digital products such as mobile apps and cloud services.
Revenue at The London Stock Exchange Group climbed 17%, YoY, in 2017, driven largely by a 24% surge in turnover at its information services division to £736m ($1bn) from £595m. But the company said it was also benefiting from an increase in revenue for its investment banking and wealth management businesses as well as increased sales of digital products such as mobile apps and cloud services.