The LSE could cross the Channel

European shares are sharpening their weapons. In an interview with La Tribune, the owner of the London Stock Exchange (LSE) Xavier Rolet reacted to the opening of NYSE Euronext a new trading platform in London. Called "NYSE Euronext London," this new market to attract foreign listings.

"Expanding our presence on the continent"

Xavier Rollet, the French who took the head of the London Stock Exchange last May, said he was surprised by this operation. His response was quick: "We have made different choices and work network rather than concentrating all our activity on a single data center," he explains to La Tribune.He added: "We do not exclude also not to extend our presence on the continent, opening new centers, data processing, to the extent that we would welcome, of course."

The boss said the LSE and the LSE would be "delighted [s] to offer [his] office to launch an electronic bond platform in Paris, provided that we welcome."

A "coup de grace for the Paris Bourse

In the Financial Times, Xavier Rollet described the strategy of NYSE Euronext's coup de grace for Paris, "providing" a significant problem for the French government " Payday Loan for Bad Credit. NYSE Euronext's strategy is not, according to him "a question of product 'but is rather a strong interest in the British capital.He also points out that his rival has already transferred its data center in suburban London. But Paris, says the British daily, remains the headquarters of NYSE Technologies and the place where NYSE Euronext intends to develop its own clearing house.

In addition, the Financial Times reveals that the LSE prepares an offensive on the derivatives market. Rollet Xavier Charter calls for an opening to competition of the market where it wants to position itself within nine months.

The London Stock Exchange on Wednesday posted a slight sales increase of 1% between April and June 2010 to 158.2 million pounds (189.5 million euros). Over the same period, total revenue rose 2% to 166 million pounds (198.8 million euros).

Comments are closed.