Stock market: Record October trading on the LSE

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The Independent Online

Dame Clara Furse, chief executive of the London Stock Exchange (LSE), is bound to face questions over her future when she presents half-year figures this week.

Dame Clara, who has been running the exchange for eight years, is believed to be looking to leave in the next year or so. Chairman Chris Gibson-Smith has started the hunt for her successor.

Dame Clara will be under pressure to detail how the LSE is coping with competition from new trading platforms such as Chi-X and Turquoise.

Last week the LSE, along with NYSE Euronext, reported record volumes for October, with the LSE showing a 55 per cent rise of trades on its electronic order book.