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Article: Comment: Stock Exchange's veil rent asunder
- Article from:
- The Independent (London, England)
- Article date:
- November 3, 1995
CopyrightCopyright 1995 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Stock Exchange's veil rent asunder
Tired old institutions can only fend off criticism with the
claim that they are busily engaged in a grand strategy review for
so long. The London Stock Exchange has been grandly reviewing for
as long as most people care to remember. The promised outcome,
however, slips and slides with the passing seasons, and the
mutterings of discontent grow louder.
Yesterday, they broke with a roar. Rudolf Mueller, head of the
Union Bank of Switzerland's operations in London, finally went
public on what he has been saying privately for a long time - that
the Stock Exchange has condemned itself to the increasingly
diminishing role of a local trading emporium.
In doing so ...