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Financial Conduct Authority probes use of stock market roof

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City regulators are probing the owner of the London stock market – over access to its roof.

Only London Stock Exchange Group (LSEG), which operates the London Stock Exchange, can use the rooftop of its building for radio equipment used for high-speed connectivity.

The Financial Conduct Authority (FCA) said other trading groups were unable to install equipment, blocking out alternatives for high-speed connections. 

Probe: Only London Stock Exchange Group, which operates the London Stock Exchange, can use the rooftop of its building for radio equipment

Probe: Only London Stock Exchange Group, which operates the London Stock Exchange, can use the rooftop of its building for radio equipment

The FCA has provisionally accepted a proposal from LSEG and the landlord of its data centre building to share the rooftop.

The FCA has not reached a decision on whether competition law had been broken.

LSEG has not been the subject of any infringement decision, a spokesman said.

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