Asset Management

Deutsche Börse expects more Brexit wins from London

German exchange group’s top two executives see further opportunities to pinch euro-clearing business from the City

Deutsche Börse, the German stock exchange, expects to win more swaps-clearing business from London during 2020 due to Brexit — and has also offered to take the Italian bourse off the London Stock Exchange’s hands.

Late on 17 February, Deutsche Börse reported a 21% gain in pre-tax profits, to €1.4bn, for 2019; 9% up once adjusted for what the group termed “exceptional effects”.

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