CEO of the UK exchange wants to grow its derivatives business
The chief of the London Stock Exchange has outlined his plan
to launch a European futures exchange and hinted the new
platform will trade FTSE futures, a move that would pit the
British exchange in competition with ICE, writes Luke
Xavier Rolet said on Thursday the LSE’s failure
in 2001 to buy Liffe, now owned by US group the
IntercontinentalExchange, left the British exchange with "a
competitive handicap" which the exchange was looking to
Rolet said the LSE would make a full announcement in due
course but he underlined his support for open access, a
principle that allows LSE rivals to access its key strategic
assets, and said he hopes to enlist the support of investment
banks in the launch of the new venture.
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