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’LSE eyes joint LCH.Clearnet bid
The London Stock Exchange has confirmed it is part of a consortium involving Icap, the inter-dealer broker, and about 10 investment banks that may make a cash offer for LCH.Clearnet, Europe’s largest independent clearing house.
LSE calls in Rolet to replace Furse
The London Stock Exchange will on Friday signal a new era in its 208-year history by selecting Xavier Rolet, 49, a veteran of trading operations at Goldman Sachs and Lehman Brothers as its new chief executive.
LSE trading revenues fall 13%
The London Stock Exchange on Thursday forecast “very difficult and uncertain” market conditions this year after a torrid final three months of 2008 led to a 13% fall in trading revenues. However,
Snap news
Breaking pre-market news on Thursday,
- London Stock Exchange sees revenue up 4% to £171m – statement
- New Star Asset management seeks delisting following debt restructuring- statement
- Autonomy
Snap news
The latest on Thursday,
- Close Brothers report £1.2bn fall in funds under management since July – statement
- LSE reports 70% rise in H1 revenue – statement
- Corporate results: BT, Euromoney,
LSE pushes ahead with special levy
The London Stock Exchange is to carry out its threat to levy a special charge on orders that are routed through its new competitors. From today, it will charge a fee of 1 basis point on any trade that arrives from an external trading venue – such as Nasdaq OMX Europe.
LSE hunts for new chief
The LSE has hired a headhunter to find a replacement for its CEO, Dame Clara Furse, signalling the beginning of the end of her tenure at the exchange. Dame Clara is not expected to leave before the end of next year,
Clara’s shorts
Short interest in the London Stock Exchange has continued the upward trajectory started Sept. 7, when it broke down for seven hours.
Since then, Dame Clara Furse has had to contend with competition from the likes of Turquoise,
Nasdaq takes aim at LSE listings
Nasdaq OMX, the transatlantic exchange group, plans to set up a listings venue in London in direct competition with the London Stock Exchange for IPOs. The move is part of a multi-pronged effort to expand in Europe and comes two years after Nasdaq’s failed attempt to buy the LSE.
Plus this, LSE
First Bats, then letters and now law suits. The battle of the stock exchanges continues.
Plus Markets, which gained recognised investment exchange status last year, has left this missile in its latest interim results:
The painful lack of trading volume
Amid the war of words and all the wobbly technology testing Dame Clara Furse, it is worth remembering that just about all stock and derivatives exchanges are suffering from a paucity of business at the moment — LSE included.
Letter-writing for stock exchanges
Dame Clara Furse and Joe Ratterman are now pen pals, albeit in a roundabout – and hostile – sort of way.
Two days after the LSE Dame let rip at Ratterman in a letter to the FT and the LSE subsequently went AWOL for seven hours,
LSE traders wave goodbye to lost fees
The seven-hour breakdown of the London Stock Exchange’s trading platform on Monday deprived London’s stockbrokers of millions of pounds of potential commissions, but few expect to get their money back.
Stock comedy caption competition
Entries below, please. Keep ‘em clean. Ish.
Where is the FTSE 100 trading? IV
The LSE’s gone all CSI:
Dear all
In light of events this morning, please follow this link to our incident management website, where we will be posting updates as soon as they become available. Market updates will be sent as usual through Service Announcements.
Where is the FTSE 100 trading? III
Newswire snaps:
*LSE SAYS SUSPENSION OF CONNECTIVITY MEANS TRADING HALT
*LSE SAYS CURRENTLY NO ORDERS CAN BE ENTERED
*LSE SAYS CONTINUING TO INVESTIGATE FAULT
*LSE SAYS NO ORDERS CAN BE ENTERED;
Where is the FTSE 100 trading? II
According to the futures market, up 271 points at 5,545 at 10.20 Of course, an approximate index level can be found to the right of this post – in the City Index live prices box. The FTSE Rolling Bet is effectively a FTSE 100 futures contract.
Where is the FTSE 100 trading?
Usually an easy question to answer – but not on Monday morning. The FTSE 100 was stuck at 5440.2, suggesting a rise of 199.5 points – yet individual stocks were not updating.
The reason? The London Stock Exchange has been forced to suspend connectivity,
LSE to slash fees amid competition
The London Stock Exchange will on Monday introduce deep fee cuts and incentives for traders in the latest sign of growing efforts by Europe’s exchanges to defend themselves against a wave of new entrants in equities trading.
Snap News
The latest on Wednesday,
- WPP formally launches £1bn cash and stock takeover bid for TNS, 173 pence per share – statement, FT story
- LSE reports Q1 revenue up 8% to £178m – statement
- Bovis says H1 profit will be impacted by sharp reduction in business,
“Rich functionality and high performance”
“Dark and visible.”
“Platitude AND paradox.”
More bad news for the LSE.
Turquoise continues its ineluctable rise to dark-pooldom; winning regulatory approval on Monday from the FSA. (Due to launch August).
Lombard Live: Lehman, the LSE and Baikal
If still waters run deep, then the London Stock Exchange’s long silence about whether it would plunge into the competition between dark pools of liquidity was evidence of profound thought about the wisdom and implications of such a move.
LSE, Lehman to unveil European platform
The London Stock Exchange will on Thursday unveil a new, pan-European equities trading platform in a joint venture with Lehman Brothers to fight rivals that are eroding its market share. The move is the first sign that Dame Clara Furse,
The London (disorderly) Stock Exchange
We pass this on, for what it’s worth, but without offering any insight as to whether it is true or false: shares in the LSE jumped by almost 15 per cent on Wednesday on intense speculation that CME, the Chicago exchange,
NYSE Euronext beats LSE to Doha deal
NYSE Euronext won a competititve tender to take a 25% equity stake in Qatar’s stock market, stoking the three-way battle for regional financial supremacy in the petrodollar-fuelled Gulf region. The transatlantic
The London Stock Exchange left on the shelf – again
It is no way to treat a Dame, certainly. Three weeks after LSE chief executive Clara Furse kindly travelled all the way to Qatar, seemingly to help the Doha Securities Market expand its trading platform and develop the emirate’s capital market in the wider Gulf region,
LSE chief heads to Qatar
Clara Furse, chief executive of the London Stock Exchange, on Tuesday held talks with officials in Qatar, home to the exchange’s second largest shareholder, amid continuing investor concern over the LSE’s wilting share price.
LSE shares slide despite ‘excellent results’
Shares in the London Stock Exchange continued to slide on Thursday despite its report of annual operating profits in line with expectations and an increase in the annual dividend. The shares closed down 4.6% or 50p to £10.38.
Equity researcher of last resort
The BoE is a mortgage bank; the FSA has turned policeforce. What fate for the LSE?
Equity research!
The London Stock Exchange today announces the establishment of a new service to offer equity research on smaller quoted companies.