LSE Group Makes Plans for New Digital Markets Business, FT Says

The London Stock Exchange Group has drawn up plans for a new digital markets business, the Financial Times reports, citing its head of capital markets Murray Roos.

• Decided to take plans forward after examining potential for a blockchain-powered trading venue for around a year
  • Julia Hoggett, head of the London Stock Exchange, has been asked to lead the project
• Exchange was “definitely not building anything around cryptoassets:” Roos
  • Plans to use technology that underpins popular tokens like bitcoin to improve the efficiency of buying, selling and holding traditional assets
• Digital business likely to focus on private markets initially
  • Could expand ...