London Stock Exchange promises more adventures in America

Tim Wallace
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Xavier Rolet told City A.M. that a pro-business environment in the US will help the LSE
Investors surged into the London Stock Exchange (LSE) yesterday after the bourse reported “good progress” on building out its international business.

Chief executive Xavier Rolet said the integration of US firm Frank Russell Company is well underway.

He wants to use that acquisition as a springboard for expanded American operations.

“The group has made good progress this year, with strong performances across all our main business areas,” Rolet said.

“We now have strong market positions in a wide range of businesses and geographies, including North America.”

It comes after a strong year for equity markets and initial public offerings (IPOs). The group saw 193 issues in the first 11 months of the year, up 38 per cent on the year.

The overall value of all firms listed on its primary markets has risen two per cent to £2.7 trillion.

LSE’s shares rose 3.99 per cent.

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