Citi said the businesses, which it made a decision to dispose of following a strategic review, have a client base of more than 350 institutions.
The acquisition follows the group's acquisitions of the Russellindices for £1.6bn in 2014 and US-based Mergent in November a year ago.
LSE, which had said it would be looking out for investments after the collapse of its proposed merger with Deutsche Boerse, said the deal would boost the data and analytics capabilities of its information and FTSE Russellindexes business and take assets under management using its indexes to about $15 trillion. This transaction will give Citi clients a partner who is fully committed to investing in and growing its fixed income analytics and indices businesses.
Citi's sale of its Yield Book fixed income analytics system, and the Fixed Income Indices-including the World Government Bond Index (WGBI)-isn't a surprise, as the company has been looking to divest non-core business holdings and it's been exploring a sale since last summer. The businesses' mortgage models are widely considered to set the industry standard.
Despite rumours the LSE could pursue another merger, Bank of America analysts said the Yield Book takeover showed the LSE had a clear strategy to remain as a stand-alone business.
Manchester police arrest man, 25, in bomb probe
A 23-year-old was held in the small seaside town on suspicion of terror offences in the early hours of Monday morning, GMP said. Prime Minister Theresa May made the announcement after leading a meeting of the government's emergency committee Cobra.
After integration LSEG'sindices will benchmark US$15trn of assets. These indices, created to appeal to a wide range of market participants, are widely followed and broadly published.
Mark Makepeace, Group Director of Information Services and CEO of FTSERussell, said: "The acquisition of The Yield Book and Citi Fixed Income Indices supports the continued strong growth and development of London Stock Exchange Group's Information Services division".
Citi Fixed Income Indices has been producing fixed income indices for more than 30 years.
Citi was advised by its own Institutional Clients Group with Barclays acting for LSEG. The indices will continue to be maintained based on existing design criteria and calculation methodologies, and will continue to align with regulatory requirements such as the IOSCO principles.
By combining the businesses into the LSE's operations, the London-based exchange said it expects to generate new sources of revenue totaling $30 million over the first three years after the deal's completion by adding new index customers and developing new products. We look forward to a long-term, productive partnership between London Stock Exchange Group and Citi.
Bossie encouraged the American people to say enough is enough, and reject the concept of "the celebrity press conference". More attorneys with deep experience in Washington investigations are expected to be added in the weeks ahead.
How did the " Animaniacs " theme song go again? Indiewire has word of the reboot, which hails from Amblin TV and Warner Bros. No one knows for certain, although the report did say Spielberg is "expected to be on board in crafting the updated version".
Irving scored 36 points after that, including 21 during a game-turning third quarter in which Cleveland outscored Boston 40-23. But then things changed. "He saw Bron went out and he wanted to put the team on his shoulders", Cavs coach Tyronn Lue said.
Dallas Cowboys cornerback Nolan Carroll was arrested for suspicion of DWI on Monday afternoon, reports ESPN's Todd Archer . Carroll came over from Philadelphia where he led all National Football League cornerbacks in coverage penalties in 2016.
The bride's parents, Carole and Michael Middleton, have had an elaborate glass marquee built on their estate for the reception. But despite Meghan not being married or engaged to Harry , she attended Pippa Middleton's wedding reception regardless.
The airline has suffered other IT glitches recently, leading to severe delays for passengers in July and September a year ago . Customers who saw their flights cancelled are being refunded or rebooked onto new services "as quickly as possible".
Kidman wasn't at the French Riviera ceremony on Sunday night but sent a video message from her home in Nashville, Tennessee. The Palme d'Or award for best picture at the Cannes Film Festival has been awarded to Ruben Ostlund's The Square .
Also, like, fitness-wise is when you are not moving so good. "So then, of course, I'm not feeling good from the defence". This was her first win over a reigning world No1 and she entered the contest with a 0-4 record against such opposition.
Notre Dame is located in South Bend, Indiana - the same state where Pence served as governor for four years. Browne also said that protests will take place as long as students didn't disturb the celebration.
Officer who fatally shot Tamir Rice fired
Samaria Rice settled a federal civil rights lawsuit with the city past year for $ 6 million . "We still need accountability". Timothy Loehmann opened fire on Tamir Rice as he played with a pellet gun, sparking widespread protests.
Germany detains Syrian allegedly planning Berlin attack
According to the paper, the teen has been living in a home for unaccompanied minor refugees in Uckermark since 2016. German security officials have repeatedly warned that the country is in the crosshairs of global terrorist groups.
Killed keeper Rosa King was zoo's 'shining light'
An investigation is underway and the zoo, 130 kilometers (80 miles) north of London , has been closed. Holmes said she and her family ducked into an office until an employee said it was safe to leave.
Jeb Bush Drops Pursuit Of Marlins
Sources said the Jeter-Bush group approached prospective buyers from other groups about joining forces with them. The potential sale of the Miami Marlins took a step back Tuesday with former Florida Gov.
Mulvaney defends Trump budget's social safety net cuts
And Medicaid spending would fall from 2 percent of the economy to 1.7 percent in 2027 due to the reductions in Trump's budget . Mulvaney defended the budget and the more-than-rosy assumptions that he made to get the budget to balance in a decade.
Basebrawl! Harper, Strickland punch away, Nats-Giants fight
I mean, that's the prime time to hit somebody if you're going to hit them, it looked like it was intentional to me, ' he said . Remember when Bryce Harper homered off the Giants reliever in Games 1 and 4 of the NLDS? Strickland denied any intent.
South African ruling party debates fate of president
According to the news portal, Zuma continues to dominate the highest levels of the ANC despite growing internal challenges. He said on Friday he was "not opposed to establishing a commission of inquiry", without specifying a timeframe.