A fine birthday present for the LSE
The London Stock Exchange's FTSE 100 Index turns 40 this week – and how better to celebrate than pay a $3.5 million fine for being an unauthorised exchange.
Yes, you read that right. Late last month an LSEG subsidiary admitted to the breach of Québec securities law by allowing customers to trade in derivatives on its platform without being recognized as an exchange.
The LSE saw a suite of firms ditch it for New York or the allure of private equity in 2023, on top of a dearth of IPOs. Here’s to 40 more years.
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