Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. London Stock Exchange plc
  6. News
  7. Summary
    LSE   GB00B0SWJX34

LONDON STOCK EXCHANGE PLC

(LSE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

London Stock Exchange : Banks, asset managers back plan for "explosion" in UK share trading

09/24/2021 | 08:33am EDT
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain

LONDON (Reuters) - Top banks and asset managers have thrown their weight behind proposals in Britain to scrap curbs on share trading after billions of euros in daily stock dealings left London for Amsterdam due to Brexit.

The finance ministry proposed the changes in its review of wholesale capital markets to help maintain London's competitiveness as a global financial centre after largely being cut off from the European Union since December.

A rule Britain inherited from the bloc known as the share trading obligation mandates that market participants must use specific venues like stock exchanges to trade.

In their responses to the ministry's public consultation on a welter of draft reforms, UK Finance, which represents banks in Britain, and the Association for Financial Markets in Europe, whose members include big international banks and asset managers, both backed scrapping the STO to increase competition.

"We agree with UK authorities that the removal of the STO is necessary to ensure that UK-based firms have the ability to execute trades on the venues where they will achieve optimal results for their clients," AFME said.

"We agree this obligation should be removed as it has simply imposed unnecessary costs upon liquidity providers and trading venues without any corresponding benefits," said UK Finance, adding that its removal would not lead to any negative consequences.

The prospect of returning to an effective free-for-all in share trading has raised some concerns, however.

Michael Horan, director, head of trading, EMEA, at BNY Mellon's Pershing, told Reuters last month that scrapping the STO could create an "explosion" in more trading venues.

"It could be a bit too much, too soon in terms of making changes. We don't want a return to... where liquidity was over fragmented, and therefore harder to police," Horan said.

Following responses to its public consultation, the finance ministry is expected to publish final plans for reforming the wholesale market in coming weeks.

(Reporting by Huw Jones; editing by Mark Porter)

By Huw Jones


© Reuters 2021
All news about LONDON STOCK EXCHANGE PLC
06:24aEURONEXT N : set to appoint MTS CEO at the helm of Milan bourse - sources
RE
10/22European Stocks Rise as Chinese Property Market Worries Ease; PMI Surveys Mixed
MT
10/22PRESS RELEASE : Polyus Finance Plc: Notification and public disclosure of transactions by ..
DJ
10/22LONDON STOCK EXCHANGE : Weaker pound, miners lift FTSE 100, but still logs weekly loss
RE
10/22FTSE 100 Closed Up as It Shrugs off the Week's Negative Sentiment
DJ
10/22SUPERDRY PLC : Director/PDMR Shareholding
DJ
10/22TUI AG : Cancellation of trading of Subscription Rights settled in the form of Depositary ..
DJ
10/22EUROPEAN MIDDAY BRIEFING : Stocks Rise as Evergrande News Lifts Asia
DJ
10/22London Stock Exchange warns on supply chain shortages
RE
10/22LONDON STOCK EXCHANGE : LSEG Affirms 2021 Outlook But Expects Supply Chain Issues to Delay..
MT
More news
Analyst Recommendations on LONDON STOCK EXCHANGE PLC
More recommendations
Financials
Sales 2021 6 830 M 9 397 M 9 397 M
Net income 2021 1 289 M 1 773 M 1 773 M
Net Debt 2021 5 564 M 7 655 M 7 655 M
P/E ratio 2021 34,6x
Yield 2021 1,16%
Capitalization 42 318 M 58 252 M 58 221 M
EV / Sales 2021 7,01x
EV / Sales 2022 6,37x
Nbr of Employees 5 554
Free-Float 58,4%
Chart LONDON STOCK EXCHANGE PLC
Duration : Period :
London Stock Exchange plc Technical Analysis Chart | LSE | GB00B0SWJX34 | MarketScreener
Technical analysis trends LONDON STOCK EXCHANGE PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 7 600,00 GBX
Average target price 9 062,73 GBX
Spread / Average Target 19,2%
EPS Revisions
Managers and Directors
David Adam Schwimmer Group Chief Executive Officer & Executive Director
Anna Olive Magdelene Manz Chief Financial Officer & Director
Donald Austin Robert Chairman
Anthony McCarthy Chief Information Officer
David Shalders Chief Operating & Integration Officer
Sector and Competitors