In the course of an interview with the Financial Times last month on open access clearing in Europe, the CEO of London Stock Exchange Group ("LSEG"), Xavier Rolet, was asked to comment on the progressive changes in financial markets infrastructure and the increasing need for customers to access services on a global basis. In the context of a discussion during the interview about the desire of customers to reduce costs and the increasing trend of using Exchange Traded Funds instead of futures, a quotation was subsequently attributed to Mr. Rolet in an article published on 5 April which stated:
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