The London Stock Exchange has cut staff positions by at least 10 percent, leading to speculation that the cuts are either a defense tactic or a belt-tightening measure in preparation for a takeover, sources tell Inside Market Data.
The LSE has eliminated between 40 and 50 roles, according to sources close to the exchange. The LSE, which already operates a fairly tight ship staff-wise, is understood to have fewer than 400 employees.
The cuts are said to be in mid-level roles across all business
Bryan Harkins joins to discuss how the CBOE-Bats integration is going and plans for the exchange operator going forward. Anthony and James talk about the SEC hack and Esma's potential new powers.Subscribe to Weekly Wrap emails