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LSE Said in Talks With Singapore Exchange on Clearing Platform

London Stock Exchange Group Plc is in talks with Singapore Exchange Ltd. to provide technology to clear cash equities for Southeast Asia’s biggest bourse operator, three people familiar with the matter said.

A deal would see LSE’s MillenniumIT unit implement a securities-processing platform for SGX, according to the people, who asked not to be identified as the talks are private. SGX isn’t planning to use MillenniumIT for derivatives clearing and the companies aren’t discussing a merger or a stake purchase, the people said.