Is EDX the LSE’s Catch-Up Plan?

TRADING TECHNOLOGY

In a merger-happy European exchange market, the derivatives exchange that the London Stock Exchange is co-launching may keep it from slipping too far behind. By

EDX London, the equity derivatives exchange expected to be launched by the London Stock Exchange and Swedish transactions technology company OM in the second quarter, is not a cheap proposition for the LSE (it is costing the exchange twice the 15 to 16 times average P/E multiple for traded exchanges). But observers say it’s a necessary

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