London Stock Exchange Prides Itself On 75.9 Percent Rise In BBO

The London Stock Exchanges position as flexible execution venue for FTSE100 securities has been strengthening over recent months. Having analysed the spreads available on Chi X and Turquoise in FTSE 100 securities over the course of November, December and January,

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The London Stock Exchanges position as flexible execution venue for FTSE100 securities has been strengthening over recent months.

Having analysed the spreads available on Chi-X and Turquoise in FTSE 100 securities over the course of November, December and January, the Exchange has found that its position relative to either platform has been strengthening over that time.

Comparing the spreads available on the three platforms in January, the Exchange offered the tightest Bid and Offer (BBO) 84.2%t of the time, up from 75.9% in November last year. In comparison to Chi-X only, the Exchange was offering the spread at the BBO 87.3% of the time, an increase of over 8% of the time since November. Relative to Turquoise, the Exchange offered the best BBO 92.7% of the time, up from 90.3% in November.

The London Stock Exchange prides itself on the quality of its offering and the breadth of market participants and investors who are able to access the securities listed on its regulated markets, says Martin Graham, director of Equity Markets, London Stock Exchange.

Todays figures underline the strength of our offering: not only can investors rely on the Exchange to provide unrivalled depth and certainty of execution, they can increasingly find the best spread.

L.D.

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