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London Stock Exchange is 'deeply uncompetitive', warns former chief

^{Published on 2024-12-14 15:00:55 - The Daily Telegraph}
 

• Britain's stock market has become "deeply uncompetitive" and risks driving more companies to the US, the former head of the exchange has warned. Xavier Rolet, who ran the London Stock Exchange Group from 2009 until 2017, said there is a "real ...

The article from The Telegraph discusses the views of former London Stock Exchange (LSE) chief executive, Xavier Rolet, who has described the LSE as "deeply uncompetitive" due to its failure to adapt to modern financial markets. Rolet, who led the LSE from 2009 to 2018, criticized the exchange for not keeping pace with technological advancements and regulatory changes, which has led to a decline in its global standing. He highlighted issues such as high trading fees, lack of innovation in trading platforms, and the exodus of companies to other exchanges like New York. Rolet also pointed out the missed opportunities in fintech and blockchain technology, which could have revitalized the exchange's offerings. His comments come at a time when the LSE is under scrutiny for its performance and strategic direction, with calls for significant reforms to restore its competitiveness on the world stage.

Read the Full The Daily Telegraph Article at:
[ https://www.telegraph.co.uk/business/2024/12/14/london-stock-exchange-deeply-uncompetitive-former-chief/ ]

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