LSE Says 11-Month U.K. Equity Trading Value Declines 2%

London Stock Exchange Group Plc (LSE), Europe’s oldest independent bourse, reported a 2 percent drop in 11-month average daily U.K. equity trading value as markets were buffeted by the euro-area debt crisis.

Chief Executive Officer Xavier Rolet has been trying to diversify LSE’s business away from stocks and stem its loss of market share to alternative trading systems such as Bats Europe and Chi-X Europe Ltd. He’s agreed to buy a majority stake in LCH.Clearnet Ltd., the U.K.’s largest clearing house, after he was forced to scrap a planned takeover of Canada’s TMX Group Inc.

To contact the reporter on this story: Nandini Sukumar in London at nsukumar@bloomberg.net or @NandiniSukumar on Twitter

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.