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Article: London exchange aims for the world
- Article from:
- Chicago Sun-Times
- Article date:
- October 12, 1986
- Author:
CopyrightCopyright (null) Chicago Sun-Times. (Hide copyright information)
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LONDON The London Stock Exchange took a big step towards
capturing a major slice of the booming market in international stocks
and shares when it forged a new agreement with leading securities
dealers.
The pact on a joint regulating body to control domestic and
international stockbrokering averts the danger of two stock markets
in London, the new one dealing just in blue-chip shares and draining
business, capital and prestige from the 184-year-old London Stock
Exchange..
Instead, "at one stroke, London will do more international
business than both the New York and Tokyo markets put together," a
stock exchange spokesman said.
The International Securities Regulatory Organization was ...