London Stock Exchange strengthens information arm with Mergent deal
London Stock Exchange has acquired US-based Mergent Inc for an undisclosed fee to strengthen its fast-growing information services division and support creation of more passive investment products.
Financial Services
14,075.11
17:09 19/04/24
FTSE 100
7,895.85
16:59 19/04/24
FTSE 350
4,341.08
17:09 19/04/24
FTSE All-Share
4,296.41
17:08 19/04/24
London Stock Exchange Group
8,984.00p
17:15 19/04/24
The addition of Mergent, a provider of business and financial information on public and private companies as well as corporate and municipal bonds, has been made to support the FTSE Russell index offering, "especially in the creation of factor-based, passive investment products", the company said, adding that it intends to expand and align Mergent's activities to meet growing client demands.
Significant growth of passive investment "is increasing the demand for smart-beta and customised indexes, which incorporates factors such as volatility, quality and liquidity into index creation," the group said.
"Multi-factor indexes, which include stocks with specific characteristics, are an important and innovative new tool for examining markets and creating investable products and FTSE Russell is well-positioned to meet this growing customer demand."
Mergent provides data and analysis that includes economic and demographic information and detailed fundamental analysis of millions of equities and bonds.
"The acquisition of Mergent supports the continuing strong growth of FTSE Russell and LSEG's data services," said Mark Makepeace, director of information services at the LSE and CEO of FTSE Russell.
"Mergent will broaden our range of data services, research and analytics to meet the increasing demands of our clients for benchmarks and related data and analytic services."