Exchange evolution

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Tim Bevan, product manager for structured products at the London Stock Exchange (LSE), freely admits that his exchange's decision to launch a dedicated structured products business will not provide a panacea for the market. Instead, he says, the exchange's offering will be a useful addition for all those active in the market. He expects it to cement the idea that structured products are a mature and necessary asset class.

Judging from the results so far, he is unlikely to be proved wrong: th