Rolet takes multipronged approach to turning around LSE

12/23/2009 | Financial Times (tiered subscription model)

London Stock Exchange CEO Xavier Rolet has made numerous changes since taking the reins. He has reduced the LSE staff, cut fees, acquired a technology firm to replace the company's share-trading platform and reached an agreement to take over a rival, Turquoise. The aim is to curb deterioration of the LSE's market share in stock trading, but Rolet is also set on developing the exchange's other businesses, including derivatives and clearing.

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