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LSE, global banks pump £20M into derivatives company CurveGlobal

London Stock Exchange Group PLC and a group of global banks including Barclays PLC and BNP Paribas SA made roughly £20 million in investments in derivatives trading platform CurveGlobal, Financial News reported.

The other banks that participated in the fundraising were Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Société Générale SA, according to the report.

The funding round is the first for CurveGlobal since February 2018, Financial News noted, adding that CurveGlobal will use the money for future growth plans.

Launched in September 2016, CurveGlobal has processed about 5.6 million interest-rate derivative contracts in the first 11 months of 2019.