London Stock Exchange Sees Expansion in FX Business during 2021

London Stock Exchange (LSE) has experienced a jump in FX business during the last 12 months. In a recent report released by the exchange, LSE highlighted key FX developments this year. To facilitate its customers in efficient trading, the exchange introduced new capabilities in FXall and Matching.

Moreover, LSE strengthened its position in Asia through the launch of a global electronic trading matching service in Indonesia. LSE also announced several investments in the last 12 months to expand its global presence.

In addition to strong FX business, LSE witnessed a record number of IPOs this year. More than 120 companies opted to be listed on the London Stock Exchange. As a result, the companies raised £16.8 billion, which is the highest capital raise in the last 14 years.

LSE outlined substantial growth in the technology sector in 2021. Tech businesses accounted for a total of 40% of the total IPO proceeds. Wise joined in July this year as the biggest direct listing on the London Stock Exchange to date.

FX Business Expansion

Amid a surge in global demand for FX-related products, LSE took several measures to increase its presence in the international FX ecosystem.

“In May, we announced the further investment to accelerate our development of future capabilities, and we launched Workspace for foreign exchange trading in November, which will enable our 16,000-user community to experience a powerful next-generation customizable workflow tool. We also improved transparency with a new generation of trade analytics and continue to advocate best practices across the industry, following the update to the FX Global Code in July,” LSE highlighted.

“We strengthened our commitment to deepen financial markets in Indonesia and the Asia Pacific region by launching our leading global electronic trading Matching service in Indonesia. The launch represented Indonesia’s first interbank electronic marketplace for the trading of Rupiah,” the exchange added.