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LSE's Derivatives Market to Launch Despite Talks With Rival

  • CurveGlobal market is on track to start later this year
  • LSE has done substantial technology work on Curve, Rolet says
Updated on

London Stock Exchange Group Plc will go ahead as planned with the launch of its new derivatives market, even though the venue will compete with a market run by potential merger partner Deutsche Boerse AG.

The project, called CurveGlobal Ltd., is on track to start trading later this year, according to LSEG Chief Executive Officer Xavier Rolet. The venture is a consortium with banks and the Chicago Board Options Exchange, and is explicitly designed to take on the giants of European interest-rate futures trading.