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LSE chief looks over shoulder at Nasdaq

By 1 Jul, 2011June 6th, 2017News

The Financial Times

Following the failed London Stock Exchange merger with TMX Group, the Financial Times evaluates the performance of LSE chief executive Xavier Rolet throughout the merger and over his tenure at the London exchange.

The article discusses his options now that this deal has collapsed. Given that the LSE has a relatively healthy balance sheet, GreySpark maintains that this makes them likely prey from a larger predator. While they may want to stay independent, they will struggle.

The in depth piece offers that a Nasdaq-LSE combination would combine two of the most recognised brands in the exchange business, and would be a viable match, allowing the LSE to tap into the profitable North American markets. Larger issues, however, would remain over the technology integration – would it be best to try and integrate Nasdaq’s iNet with LSE’s MillenniumIT platform, or to drop MillenniumIT, seen as the inferior system by many in the industry.

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