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10.05 - 07:57
Deutsche Börse to shrink equities business after €3.9bn SimCorp deal
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fnlondon.comDeutsche Börse’s bid for Danish fintech SimCorp will reduce how much the exchange relies on its equities business for revenues.
“It was always our strategy,” said Deutsche Börse chief financial officer Gregor Pottmeyer. “We are focused on this data analytics segment.”
Cash equities currently make up around 7% percent of the group’s total revenue,...
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