§ Mr. DevlinTo ask the Chancellor of the Exchequer what position the London stock exchange held in the international league of trading volumes in 1987 and 1988.
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§ Mr. RedwoodI have been asked to reply.
On the basis of total turnover in equities and fixed interest stocks the International Stock Exchange of the United Kingdom and the Republic of Ireland Limited ranked third in 1987 and second in 1988. It was also the third largest exchange in terms of market capitalisation of domestic equities in both 1987 and 1988.