LSE Plans International Trading Network

The London Stock Exchange is looking to head the formation of an International Board and is in talks with four or five exchanges around the world.

The London Stock Exchange (LSE) is looking to head the formation of an International Board and is in talks with four or five exchanges around the world, The Wall Street Journal reports. The trading network will permit blue chip stocks in up to six countries to be traded during London trading time. As per the proposal, the LSE will trade other countries’ stocks during London time in a partnership, said Tony Weeresinghe, director of global development at the exchange. Not all the exchanges will trade at the same time, it will be one by one, beginning with one exchange, he added.

Click here for the story from The Wall Street Journal.