German exchange and post-trade services operator Deutsche Börse Group is rationalising its London, New York and Singapore offices, as it attempts to cut costs and increase the integration between its businesses.

Two people familiar with the matter explained the rationale behind the plans. In New York, the German exchange group is in the process of moving its post-trade services business Clearstream out of 55 Broad Street into premises across the street at 60 Broad Street. This building is currently occupied by the International Securities Exchange, the US options exchange that Deutsche Börse acquired in 2007, and Eurex, its derivatives franchise.