London Stock Exchange (LSE) Facing Competition from NYSE Euronext

London Stock Exchange (LSE) is facing stiff competition from NYSE Euronext, which have already captured its first client to switch from LSE.

Groupe Eurotunnel, which operates the Eurotunnel between Britain and France, will start trading on NYSE Euronext London on July 19.

The announcement comes as NYSE Euronext looks to bolster its presence in London, Europe’s financial capital.

NYSE Euronext is headquartered on Wall Street and has over 3,000 employees.

The company already runs its derivatives business, NYSE Liffe, from London, but is looking to tap into the broader financial markets by tempting companies to switch their London-based trading activity to the exchange, as well as to entice new issuers to use its London bourse.

NYSE Euronext is a global operator of financial markets and provider of trading solutions. The Company offers an array of products and services in cash equities, futures, options, swaps, exchange-traded products etc.

NYSE Euronext consists of three business segments: Derivatives, Cash Trading and Listings, and Information Services and Technology Solutions.

On September 1, 2011, NYSE Euronext completed the acquisition of Metabit, a Tokyo-based provider of market access products with a trading community of more than 140 trading firms throughout Asia.

Despite NYSE Euronext’s global presence, its London operation is likely to face tough competition from the incumbent London Stock Exchange, and a current lack of new I.P.O.’s resulting from the financial crisis.


Tags assigned to this article:
france

You may have an interest in also reading…

New ‘Pacific Alliance’ Upbeat and Seeking Competitive Advantages

Leaders of Pacific Alliance: Ollanta Humala, President of Peru; Juan Manuel Santos, President of Colombia; Sebastián Piñera, President of Chile;

SteadyPay Embedded Microfinance Fintech: Safety Net for the Gig Worker

SteadyPay, the award winning FinTech, is at the forefront of delivering accessible and innovative financial solutions for independent workers in

Norton Rose Fulbright: EU Sets New Financial Laws for Non-EU Entities

Introduction The Markets in Financial Instruments Directive (MiFID) is one of the cornerstones of EU financial services law setting out