Deals
London Stock Exchange Says Brexit May Erode Trading Volume
- CEO says U.K. unlikely to see major disruption in EU access
- Work on regulatory consent for Deutsche Boerse deal underway
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London Stock Exchange Group Plc said the U.K.’s decision to leave the European Union may eventually damage investor confidence and weigh on trading, adding to challenges facing the exchange operator.
“There is a broad range of possible outcomes resulting from this vote which has created uncertainty in the markets,” LSE said Thursday in a statement while reporting first-half profit. “The uncertainty or the outcome may erode investors’ confidence and impact primary and secondary market volumes, assets-based fees and clearing volumes in the U.K.”