The London Stock Exchange has entered a joint venture with Lehman Bros. to establish a new equities-trading platform in Europe to compete with the exchange's rivals. Chi-X and other new trading platforms have whittled away at LSE's market share in U.K. equities. The development comes only days after the NYSE Euronext beat out the LSE for a 25% holding in Qatar's stock exchange and indicates that LSE Chief Executive Officer Dame Clara Furse has chosen an aggressive strategy.
More at http://www.ft.com/cms/s/0/128d6352-42f2-11dd-81d0-0000779fd2ac.html
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