Panmure Gordon’s Buik prefers CME-LSE liaison

LSE-Deutsche Boerse deal is almost dead. Did European regulators torpedo the merger of the continent’s two biggest exchanges? Or did UK politicians play the spoil sport?

Panmure Gordon’s Senior Market Commentator David Buik sheds light on what could have gone wrong in the LSE-Deutsche Boerse deal. He says, “Both bourses are still very strong stand alone possibilities and both could merge with other counter parties - NASDAQ, ICE/NYSE and CME.”

Buik adds, “CME liaison with the LSE would offer greater scope to other international futures and derivative markets” and thus would strengthen London’s appeal. Buik also talks about government’s new rules on personal injury claims.