The London Stock Exchange is likely to cut the fees it charges traders by 10% over the coming year to maintain its competitiveness in the face of a slew of low-cost rivals, an analyst at Credit Suisse has said.

In a research note, Credit Suisse analyst Rupak Ghose wrote: "We are modelling another 10% price cut to UK LSE exchange fees in the coming year [because we] believe that the downside risks from the competitive landscape remain greater than the likelihood of volumes coming in ahead of our estimates."