London Stock Exchange to Quit World Federation of Exchanges

London Stock Exchange to Quit World Federation of Exchanges

The WFE has been notified and a formal letter is being prepared. Spokespeople for the WFE and the LSE declined to comment.

While resignations are rare, the LSE’s withdrawal has underlined the problems faced by the WFE as changes sweep through the industry.

The departure of the LSE comes as the WFE prepares to move its headquarters from Paris to London, as it seeks to forge stronger links between its members and their main users, investment banks and institutional investors.

The WFE will move into the LSE’s former headquarters.

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