London Stock Exchange Group plc ADR (OTCPK:LNSTY) Q3 2025 Earnings Call October 23, 2025 5:00 AM EDT
Company Participants
David Schwimmer – Interim Group Head of Data and Analytics, Group CEO & Executive Director
Michel-Alain Proch – CFO & Director
Daniel Maguire – Group Head of Markets & CEO of LCH Group
Peregrine Riviere – Group Head of Investor Relations
Conference Call Participants
Arnaud Giblat – BNP Paribas Exane, Research Division
Andrew Lowe – Citigroup Inc., Research Division
Russell Quelch – Rothschild & Co Redburn, Research Division
Ian White – Bernstein Autonomous LLP
Michael Werner – UBS Investment Bank, Research Division
Hubert Lam – BofA Securities, Research Division
Benjamin Bathurst – RBC Capital Markets, Research Division
Julian Dobrovolschi – ABN AMRO Bank N.V., Research Division
Enrico Bolzoni – JPMorgan Chase & Co, Research Division
Thomas Mills – Jefferies LLC, Research Division
Oliver Carruthers – Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Good morning, and welcome to the investor and analyst call for LSEG’s Third Quarter 2025 Trading Update. [Operator Instructions] I would like to remind all participants that this call is being recorded.
I will now hand over to David Schwimmer, CEO of LSEG, to open the presentation. Please go ahead.
David Schwimmer
Interim Group Head of Data and Analytics, Group CEO & Executive Director
Good morning, everyone. Thanks for joining the call. I’m here with MAP and Peregrine as usual, and we are also joined by Daniel Maguire, our Head of Markets, to talk about the Post Trade transaction that we announced this morning.
For this quarter, we’re going to take a slightly different approach from a normal Q3 given the intense debate in recent months around our business and AI. I’ll cover some key aspects of our AI strategy and the excitement we have about the current opportunities, before MAP goes through the Q3 numbers, and Dan covers the Post Trade transaction. Then, of
