(1888PressRelease)
November 22, 2007 - London, Thursday, -- ARANCA NEWSTRACK -- (www.aranca.com)
The London Stock Exchange (LSE) has been boosted by the global credit crunch with trading up due to market insecurity, new figures reveal.
Interim figures for the exchange show a 41 per cent increase in operating profit to £114.7 million for the six months to September 30th.
Revenue, meanwhile, was up 24 per cent to £203.1 million.
Performance was boosted by a strong performance for the broker services division with a 77 per cent increase in trading to 555,000 transactions per day.
Also contributing to the bourse's profits was a 14 per cent increase in revenues for the information services division to £58.1 million and a strong showing for the derivatives division, where revenue was up from
£5.7 million to £4.4 million.
Chairman Chris Gibson Smith said: "Set against a backdrop of heightened activity in financial markets associated with credit market liquidity events, broker services continue to be the principal driver of growth, with 31 per cent revenue growth in the period."
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