Deals
Rolet Wrestles Technology at LSE as Rivals Steal M&A Show
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Xavier Rolet, the chief executive officer of London Stock Exchange Group Plc, has started overhauling the 209-year-old bourse’s technology, stemmed a slide in market share and helped spur a rebound in the stock -- all in less than two years on the job.
He has also seen his $3.15 billion takeover bid for Toronto Stock Exchange owner TMX Group Inc. upstaged by Deutsche Boerse AG and NYSE Euronext’s merger. London’s main equities venue, which brought a new system online Feb. 14 after more than three months of delays, experienced a four-hour trading halt on Feb.