The London Stock Exchange (LSE) is selling its trading technology to the Delhi Stock Exchange (DSE), Financial Times reports. The agreement comes ahead of LSE’s plans to revive the currently inactive bourse and compete in the domestic marketplace.
The LSE’s trading and risk management technology, developed by Sri Lankan company MillenniumIT, was bought by the U.K. bourse in 2009. Established in 1947, the Delhi exchange is 21 percent-owned by a series of foreign investors, including Chicago-based hedge fund Delaware Street Capital, and the rest is held by Indian brokers.
Click here for the story from Financial Times.