Furse forsees further exchange consolidation

Clara Furse, the chief executive of the London Stock Exchange, which earlier this year saw off a hostile takeover by US rival Nasdaq, has predicted further consolidation between stock exchanges, particularly in Asia and the Middle East.

Furse believes three dominant international financial centres – in North America, Europe and Asia – will emerge, each underpinned by a strong stock exchange, but expects further consolidation in the mean time.

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