London Stock Exchange Group Plc (LSE.L) or LSE will announce as early as Monday that it will take a stake of about 60% in Turquoise, according to media reports.
LSE will make an initial investment of about £20 million in Turquoise, a trading system set up by the exchange's customers as an alternative to the LSE, reports said.
In the Turquoise deal, the nine banks behind the system, including Deutsche Bank AG, Morgan Stanley and UBS AG, will retain a minority stake, reports noted.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.