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LSE CEO eyes new partnerships

London - The head of the London Stock Exchange said on Monday he expected the firm would soon enter new partnerships.

"I am confident that in the near future we will be able to strike new partnerships," LSE Chief Executive Xavier Rolet told the City Week business conference.

"We are looking forward to developing strategic partnerships with a growing number of platforms and exchanges around the world," he said.

Earlier this year Rolet said the LSE, Europe's biggest share trading platform, would offer a "credible alternative" by year end to Eurex and LIFFE, the region's dominant exchanges for derivatives trading.

"There will be announcements in due course," Rolet told Reuters Insider television.

Derivatives have long been a money spinner for Eurex and LIFFE but the LSE has no real derivatives presence, widely seen as a big strategic handicap as its share trading margins get hammered by increased competition from upstarts.

"We feel good about our position and we feel good about future opportunities," Rolet said.

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