London Stock Exchange Group's chief executive has talked up the “industry-defining combination” a potential merger with Deutsche Boerse would create.
In a conference call this morning following the release of LSEG’s preliminary 2015 results, Xavier Rolet spoke of the company’s “global aspirations”.
But he said he was unable to answer questions about a potential offer from New York Stock Exchange owner Intercontinental Exchange.
On the proposed merger with Deutsche Boerse, Rolet said: "The European-based global markets infrastructure group offers significant benefits for our customers. We’re still in detailed discussions and we will update the market in due course.”
Rolet spoke of there being a “global industry” and said customers “are looking for further efficiencies”.
He said: “It’s quite clear that if you position yourself from the customer’s standpoint there are still further efficiencies that they expect from infrastructure groups - particularly a group like ours, which will remain London-based."
Rolet added that given "London's global financial reach" the group has "global aspirations to service a global client base".
The company today reported a gross profit rise of 40 per cent to £1.8bn and revenue up 78 per cent to £2.3bn.
Rolet, who will step down from his position if and when the Deutsche Boerse merger is completed, also spoke about the potential impact of a Brexit on LSE.
“London Stock Exchange Group is a global company. Whether you look at our Eurozone, UK, North American, South American, Asian, revenues, emerging markets - we do have global infrastructure…
"If decisions are made of a political nature, that gives an incentive to clients to do their business in a different way.”
He added: "We are today in a position to service them in the way that they require."