LSE users to meet Nasdaq

US exchange to collect $230m from shareholder return

A group representing users of the London Stock Exchange is to open talks with Nasdaq over issues such as regulation after the US market secured a stake in the exchange that could allow it to sway key votes over the company's future.

"In effect what Nasdaq has is a substantial enough stake to be able to control direction," Angela Knight, the chief executive of the Association of Private Client Investment Managers and Stockbrokers, told Reuters.

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