A start-up futures venture backed by the London Stock Exchange has raised another £20m to take the fight to the European futures market's dominant duopoly, the Intercontinental Exchange and Deutsche Börse's Eurex.

CurveGlobal, an interest-rate derivatives platform, said today it had raised the funds from its existing backers - the LSE, Cboe Global Markets, Bank of America Merrill Lynch, Barclays, BNP Paribas, Citi, Goldman Sachs, JP Morgan and Societe Generale.