Investing.com -- Shares of the London Stock Exchange Group (LSEG) (LON:LSEG) rose on Thursday following its Q3 trading update.
At 8:23 am (12:23 GMT), LSEG was trading 3.9% higher at £10,780.
The group reported a 9.5% increase in total income, excluding recoveries, compared to the same period last year, highlighting growth across all business divisions.
“We delivered a particularly strong quarter, with healthy growth in our subscriptions business and very strong performance in our high-quality volume-based businesses. We are executing successfully on our strategy, delivering multiple new products in Q3,” said David Shwimmer, chief executive at LSEG in a statement.
LSEG's Capital Markets division delivered standout performance, posting a 22.4% year-on-year increase. Key drivers included higher activity in equities and fixed income, as well as strong institutional participation through the Tradeweb platform.
Elevated demand for derivatives and FX also supported this surge, with innovations like the recently launched Institutional Cash Distributors platform further boosting volumes.
Data and Analytics, another key segment, grew 4.6%, driven by steady subscription revenue and increased demand for its pricing and reference services.
New product launches, including enhancements to Workspace and cloud-based data feeds, are positioning LSEG to maintain momentum. The group also saw progress in its partnership with Microsoft (NASDAQ:MSFT), as collaborative product rollouts remained on schedule.
Post-trade operations, including services through LCH Group, posted a 4.8% revenue increase, although some impact from the completed Euronext migration was noted.
In September, LSEG raised its stake in LCH to 94.2%, acquiring additional shares for €433 million. The group also successfully raised £575 million via dual-currency bonds to bolster liquidity and finance further strategic initiatives.
LSEG’s continued expansion reflects not only product innovation but also resilient customer demand, supported by volatile global markets.