London Stock Exchange Group Plc Chief Executive David Schwimmer said on Thursday that large spikes in volume associated with algorithmic trading have worsened recent market volatility, exposing weak links in the global market infrastructure. "What that means is when there's an event ... some kind of crisis like the onset of COVID in the spring of 2020, you see massive moves in the markets very quickly, and a lot of the plumbing out there cannot handle that," he said in an interview at the Reuters NEXT conference. At the onset of the COVID pandemic in March 2020, some banks asked LSEG to close its markets for a day or two so they could catch up with post-trade settlement and processing, he said.
Diagnostics and pharmaceutical services technologies investor Conviction Life has filed for an initial public offering to trade on the main market of the London Stock Exchange, the company said on Friday. Conviction Life is targeting gross proceeds of up to 100 million pounds ($121 million) through the issue of up to 100 million ordinary shares. The company will also undertake a placing programme for up to 250 million ordinary shares and plans to start trading on Dec. 16.
These three stocks are easily beating the FTSE 100 this year. They look poised to continue outperforming well into the new year too. The post 3 stocks set to crush the FTSE 100 (again) in 2023 appeared first on The Motley Fool UK.