Jun 25th 2012 - Edison Investment Research today published a report on London Stock Exchange (LSE.L, LSE:LSE, LON:LSE) entitled "So Much More Than An Exchange". In summary, the report says:
In less than five years, the London Stock Exchange Group (LSE) has been transformed. Traditional cash equities trading and company listing operations now account for around a quarter of revenue and with the LCH.Clearnet deal will fall further. There are fixed income and derivative businesses and, since 2008, post trade, information and technology services have each added £50m or more to revenue. In this initiation note, we explain how these services operate, and their sensitivities.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »