LSE forced to rework Curve deal over merger risks

Banks demand LSE use its own cash while awaiting verdict on Deutsche Börse tie-up

lse-main-hall
Backers feared regulators could force LSE to divest its stake in the venture

The London Stock Exchange Group (LSEG) has been forced to restructure the agreement it struck with a group of banks to run CurveGlobal – its long-awaited interest rate futures venture, which launches today (September 26) – in a move driven by uncertainties around LSEG's pending merger with Deutsche Börse Group, Risk.net has learned.

The fear among Curve's backers was that, in the worst-case scenario, regulators could force LSEG to divest its stake in the venture – which will compete with Deutsch

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