MUMBAI, Nov 20: The London Stock Exchange (LSE) said on Tuesday it was launching a number of new products aimed at getting Indian companies and investors to choose it as a safe international listing option.

A top level team from the LSE, led by chief executive officer Clara Furse, is currently in India talking to various technology and healthcare companies about possible overseas listings on the exchange.

We are offering new products such as retail depository receipts, an instrument that can be traded on our exchange by ordinary retail investors and also by institutions, Furse told reporters.

The LSE currently issues global depository receipts, an instrument largely aimed at international professional investors and funds at the time of a listing on the LSE by an Indian company.

The LSE hopes to attract Indian companies on techMark, its technology market, and the newly developed techMark mediscience, the market for healthcare companies.

We are here to clear the misperception that the LSE is loosing out to Amercian exchanges such as the New York Stock Exchange or Nasdaq, said Caroline Goodman, head of international business development for LSE.

Trading on the LSE is still the largest by volume of any world market. Volumes on LSE are five times more than Nasdaq and two times more than NYSE.

The LSE is in talks with trade settlement agencies in Britain to facilitate speedier delivery of shares on the exchange in order to increase depth and liquidity, she said.

We are here with a long-term business perspective. World markets are currently in a corrective mode, but will recover soon. We plan to get Indian companies for long term fund raising from London investors, Furse added. —AFP