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

March 30 (Bloomberg) -- London Stock Exchange Group Plc, 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

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