The clue as to why the London Stock Exchange has risen sevenfold in value in the past seven years is not contained in its name. The best days of being a stock exchange are in the past, when they were near-monopolies owned by market-making members and could easily make money. That was long ago.
對于倫敦證交所(LSE)為何在過去7年價值增長7倍，線索不在于其名稱。股票交易所的黃金時代是在它們近乎壟斷、由做市商會員擁有的過去。那是很久之前的事情了。
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