LSE Thrives from Financial Market Turmoil
The London Stock Exchange says revenues were up 15% in the last three months of 2007, and trading volumes in 2008 have risen 130%
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The London Stock Exchange emerged as a major beneficiary of the turmoil on global financial markets yesterday, revealing that its revenues were up 15 per cent during the final three months of the year. The LSE benefited from a 56 per cent increase in the average number of daily equity trades, as investors struggled to cope with market volatility.
The exchange also revealed that this surge in trading has continued in the new year, with a 130 per cent increase in trading volumes so far this month.