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 Chief Executive Officer Xavier Rolet said the merger between the LSE and TMX Group Inc. is the right deal for the U.K. bourse and wasn’t a “defensive” move, the Financial Times reported, citing remarks by Rolet.
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 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.
Toronto’s role as the hub of Canadian capital markets won’t be diminished in any future takeovers by a merged TMX Group Inc. and London Stock Exchange Group Plc , LSE Chief Executive Officer Xavier Rolet told an Ontario parliamentary hearing.
London Stock Exchange Group Plc , which is fighting competition from new rivals, will cut fees for private client brokers and offer free trading for six months as Chief Executive Officer Xavier Rolet seeks to woo retail investors.
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. for about C$3.2 billion ($3.2 billion) in stock as the companies cut costs to counter lost market share. LSE surged to a two-year high.