New Ventures of an Old Exchange

Cover Story

It is one of London's oldest financial institutions, yet the London Stock Exchange (LSE) has the appearance of a vigorously commercial and entrepreneurial business. Its glass-fronted headquarters beneath the shadow of St. Paul's Cathedral in Paternoster Square, where the exchange has been based for the last four years, are a far cry from the crowded coffee shops where share trading first began in London in the 17th century. The LSE, like its rival international exchanges, is naturally a

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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