The Hong Kong Exchange's bid for the LSE highlights its desire to finally build the data business it's lacked to compete with its rivals
Thursday, 12 September 2019 · The Hong Kong Exchange's $37 billion offer to buy the London Stock Exchange Group highlights the exchange's desire to build out its data business, which makes up only a small portion of its revenue compared with its peers.
· Even though HKEX runs on an operating margin of over 70%, market data fees represent only a small...
The London Stock Exchange emphatically rejected the Hong Kong bourse's $39 billion takeover offer on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv. David Pollard reports.