The London Stock Exchange (LSE) today revealed that it is one of the few organisations to have benefited from the recent turmoil on the financial markets.
In a statement the British bourse confirmed that it expects to report strong first-half results, with the exchange having boosted trading volumes on the back of the global credit crunch.
The pre-close update released by the LSE showed that over the five months to the end of August there were 216 new share issues, with the total money raised from the listings up 12 per cent on the same period in 2006.
Revenue of £26.8 billion was generated for the LSE through the issues, up from £24 billion in the previous year.
This summer's volatile financial environment also saw trading on the exchange's electronic platform rise by 77 per cent to 57.9 million deals.
Commenting on the results LSE chief executive Clara Furse said:" The exchange continues to make excellent progress and has delivered a very strong trading performance for the year to date."
Ms Furse also revealed that the LSE was "very close" to completing its merger with the Milan-based Borsa Italiana.
She said that the £1.1 billion deal had secured "overwhelming support" from the shareholders of both groups.
Meanwhile shares in the LSE climbed last week after it emerged that the Qatar Investment Authority and Borse Dubai had each bought substantial stakes in the London exchange. The two Middle Eastern investors now together hold around 40 per cent of the LSE.
US bourse Nasdaq sold its 28 per cent stake in the LSE to Borse Dubai having failed in a previous bid to take over the world's third-largest stock exchange.
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