If you’re a trader or an investor, you might have come across the names Refinitiv and London Stock Exchange (LSE) in your research. But are they the same thing?
Is Refinitiv part of LSE? Let’s find out.
Background
Refinitiv is a financial data provider that offers information and insights to traders, investors, and financial institutions. It was formerly known as Thomson Reuters Financial & Risk business until 2018 when it was acquired by a consortium led by Blackstone Group LP. Refinitiv provides data on various asset classes such as equities, fixed income, commodities, currencies, and more.
On the other hand, London Stock Exchange is one of the oldest and largest stock exchanges in the world. It was founded in 1801 and is headquartered in London, UK. LSE provides a platform for companies to list their shares and raise capital from investors.
Is Refinitiv part of LSE?
The simple answer is no. Refinitiv is not part of London Stock Exchange. However, there is some connection between the two entities.
In August 2019, London Stock Exchange Group (LSEG) announced that it had agreed to acquire Refinitiv for $27 billion. The deal would create a global financial market infrastructure provider with significant data capabilities. The acquisition was completed in January 2021 after receiving regulatory approvals.
What does this mean for traders and investors?
The acquisition of Refinitiv by LSEG would provide traders and investors with access to more comprehensive data sets and analytics tools. This would enable them to make better-informed investment decisions based on accurate information.
Moreover, the combined entity would be able to offer end-to-end solutions for capital markets participants such as trading platforms, data feeds, indices, post-trade services, and more.
Conclusion
In summary, Refinitiv is not part of London Stock Exchange. However, LSEG acquired Refinitiv in 2021, creating a new entity that would offer comprehensive financial market infrastructure and data services to traders and investors worldwide.
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