LSE plans push into derivatives
Wednesday 09 June 2010
The London Stock Exchange said it will take on Europe's two dominant derivatives exchanges within a year, to broaden its footprint beyond its traditional share trading base.
Eurex, controlled by Deutsche Boerse and Liffe, part of the transatlantic exchange NYSE Euronext, have long dominated exchange traded derivatives in Europe.
"We are on track, within the next nine months to offer a credible alternative to our two established European competitors," LSE's chief executive Xavier Rolet said yesterday.
Mr Rolet is looking to exploit plans by policymakers to push more trading in the vast $615 trillion over-the-counter (OTC) derivatives sector on to exchanges to increase transparency and cut risk after the sector played a key role in the demise of Lehman Brothers and Bear Stearns. Such changes raise the prospect of huge new revenue streams for bourses at a time when margins in equities trading are being squeezed by fierce competition.
- 1 The West has it totally wrong on Lee Kuan Yew
- 2 Watch: Man takes selfie every mile of 2,600 mile hike, creates amazing timelapse video
- 3 The day I starred in Only Fools and Horses
- 4 #FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
- 5 Scientists have discovered a simple way to cook rice that dramatically cuts the calories
Germanwings captain Patrick Sondenheimer tried to break into locked cockpit door 'with an axe' as plane was descending
Saudi Arabia says it won't rule out building nuclear weapons
The battle for the Middle East's future begins in Yemen as Saudi Arabia jumps into the abyss
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
#FreeTheNipple: Women in Iceland bare breasts in solidarity with trolled student
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
JK Rowling responds to fan tweeting she 'can't see' Dumbledore being gay
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Revealed: Putin's army of pro-Kremlin bloggers
Germanwings plane crash: Co-pilot Andreas Lubitz wanted to 'do something people would remember him for'
Andreas Lubitz: Knee-jerk reaction to 9/11 enabled mass murder
iJobs Money & Business
Negotiable: Recruitment Genius: To provide a prompt, friendly and efficient se...
Negotiable: Recruitment Genius: You will be the first point of contact for all...
£18000 - £24000 per annum + benefits: Ashdown Group: HR, Payroll & Benefits Of...
£35000 - £38000 per annum + benefits : Ashdown Group: A highly successful, int...