Hong Kong Exchanges Bids $39B to Take over London Stock Exchange

Re:Hong Kong Exchanges Bids $39B to Take over London Stock E... by gumby on Wednesday September 11, 2019 @11:03AM (#20940915)

As roeal_v pointed out this deal requires that that transaction not go through. And again, Revinitiv is being purchased for only 4X earnings (which are themselves 3X the LSE's).

Fundamentally though I don't see why an exchange is worth much. Yes it sees all the deal flow, but it can sell info, it can't trade on it (else, apart from getting in trouble with regulators, it would lose all its customers).

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Re:Hong Kong Exchanges Bids $39B to Take over London Stock E... by bradj on Wednesday September 11, 2019 @01:00PM (#20942264)

Exchanges can have something that looks like Monopoly power when you need access to their data. Yes, certain instruments trade everywhere and on different exchanges, but when LSE/NYM/ICE etc is considered THE benchmark for XYZ contract, you have to buy their feed to get the best pricing data.

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Re:Hong Kong Exchanges Bids $39B to Take over London Stock E... by Scoundreller on Wednesday September 11, 2019 @11:53AM (#20941483)

Whys Refinitiv so cheap?

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Re:Hong Kong Exchanges Bids $39B to Take over London Stock E... by gumby on Wednesday September 11, 2019 @12:28PM (#20941939)

That's a pretty good multiple for their sector.

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