Private clients 'should interact more with LSE'

Private client brokers are being encouraged to allow their customers to interact directly with the London Stock Exchange (LSE), as the group introduces a promotion aimed to persuade speculators to buy and sell without the help of an intermediary.

Share advisers with private clients will be given six months tariff-free trading on the LSE, in return for directing consumers straight to the Exchange’s order books.

Individuals who use the FTSE 100 share index for wealth management purposes may consider buying and selling without enlisting specialist assistance.

Nicolas Bertrand, head of equity and derivatives markets at the group, stated: ’We are working hard with brokers to make access to our markets simpler, more transparent, and more cost-effective for private investors.’

LSE was created following a merger with Borsa Italiana in 2007 and is now among the largest diversified exchange businesses in Europe.

The offer will be available from August 2nd and the organisation may hope to expand the volume of orders from retail brokers. ADNFCR-2318-ID-19902935-ADNFCR