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Deutsche Börse reveals €270m fintech war chest

German exchange group moves on from abortive LSE deal saga with plan to invest and recruit in financial technology

Theodor Weimer, chief executive officer of Deutsche Boerse
Theodor Weimer, chief executive officer of Deutsche Boerse Photo: Getty Images

Deutsche Börse has earmarked €270m for investment in new technologies and hundreds of new jobs as it looks to move on from its failed merger with the London Stock Exchange.

In the first major strategy update under new chief executive Theodor Weimer, the exhange set out a plan to invest in blockchain, big data analysis, cloud computing, robotics and artificial intelligence.

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