The Financial Times
Following the news that the London Stock Exchange has called off its planned merger with TMX Group, GreySpark speaks to the Financial Times.
They maintain that this shows that the LSE is seeing its margins getting slowly eroded. While there are not many exchanges that can buy the troubled London bourse, Frederic Ponzo, Managing Partner, GreySpark, establishes that following a cooling off period of 3-6 months, Nasdaq will likely make a bid for them. As they are missing a derivatives model, while the LSE may want to stay independent, they’ll struggle to do so inevitably.