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.
London Stock Exchange Group Plc will ask European regulators to increase competition in the derivatives market when they consider the planned merger of Deutsche Boerse AG and NYSE Euronext, the Sunday Telegraph said.
London Stock Exchange Group Plc and TMX Group Inc. rallied after LSE agreed to buy the owner of the Toronto Stock Exchange for about $3.2 billion in stock. The shares pared gains after NYSE Euronext said it’s in merger talks with Deutsche Boerse AG.
London Stock Exchange Group Plc , fighting to wrest back trading from new rivals, said fiscal first-half profit rose 26 percent, buoyed by listings and technology revenue and as the company began to stem the slide in market share.
London Stock Exchange Group Plc Chief Executive Officer Xavier Rolet said it’s “really difficult” for anyone to predict who will win the battle to buy Canada’s TMX Group Inc., as it is “one of the most complex deals” in the current spate of bourse mergers, the Financial Times reported, citing a telephone interview with Rolet.
London Stock Exchange Group Plc , the 210-year-old bourse operator, agreed to buy Toronto Stock Exchange owner TMX Group Inc. in an all-share transaction as the companies cut costs to counter lost market share.