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Show Notes

[00:02:47] - [First question] - The industry LSEG operates in and its role within it

[00:05:37] - How to think about LSEG as a business and what drives their growth

[00:07:33] - The model that allows for such high profit and how its pieces work together

[00:14:21] - Overview of the data analytics side of their business

[00:18:29] - Trading & banking as a key component of their data analytics revenue

[00:22:09] - Its 300-year history and what has led them to become such a dominant player

[00:29:25] - Thoughts on the Refinitive asset they’ve acquired and its role in future success

[00:33:04] - Key factors that allow LSEG to sell in adjacent markets and have a competitive advantage

[00:38:57] - Drivers behind the growth of the digital financial market industry

[00:41:26] - Structural risks that could impede LSEG’s growth over the coming years

[00:45:29] - Simplifying their story to help investors better understand their underlying growth

[00:47:35] - Lessons for builders and investors when studying LSEG’s story