§ Mr. Staintonasked the Secretary of State for Trade what discussions he has 495W had with the London Stock Exchange regarding the prospects for the setting up of a London share options exchange along the lines of that operated by Chicago; and if he is satisfied that this will assist orderly dealings and that there is likely to be a positive effect on the balance of payments.
§ Mr. Clinton DavisI am in touch with the Stock Exchange on this subject. I understand that the Council of the Stock Exchange has not yet decided whether it wishes to establish an options exchange. If it does so, I will have further discussions with it when detailed propoals have been formulated.