LSE’s Information Services Boosts Results

EXCHANGE WATCH

Information Services generated nearly half of the London Stock Exchange’s (LSE) total turnover in 2002, according to financial results released last Thursday, May 15.

Turnover for the unit was up eight percent to £102.2 million from £94.9 million in 2002. Turnover is the UK term for sales.

Like most exchanges around the world, the LSE is suffering from a decline in terminals; the number of terminals receiving its data fell from 105,000 in 2002 to 94,000 in 2003.

However, the exchange says the