LSE sees record January

12 February 2007

The London Stock Exchange (LSE) has reported record trading figures for January 2007.

Having successfully opposed a £2.7 billion hostile takeover bid by US exchange Nasdaq, the LSE has welcomed the latest trading figures, which will strengthen its case for autonomy.

Publishing its latest monthly trading update, the LSE revealed that the value of UK equities traded last month rose 22 per cent to a record £327 billion, compared with the same month of 2006.

The number of equity trades in January soared by 50 per cent on the previous year to 9.8 million, with an increased proportion of activity taking place on the SETS electronic trading platform. January 2007 saw the average number of daily SETS trades rise by 54 per cent compared with January 2006 to 397,215.

LSE chief executive Clara Furse has managed to see off two attempts to takeover the company in two years and more approaches are expected. LSE is examining ways of becoming stronger through strategic relationships with other exchanges.

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