London Securities and Derivatives Exchange

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An exchange set up by OMX in 1990 to trade in futures contracts and options in Swedish equities. Originating as a way of reducing liability to Swedish tax, it remained in London after the tax it was set up to avoid was rescinded. In 2003 it transferred its markets to EDX London, the newly formed derivatives arm of the London Stock Exchange.

Subjects: Financial Institutions and Services.

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