London Stock Exchange presentations always promise great theatre. Will this be the one where the combative Clara Furse gets to say "I told you so"?

Actually, she says so every time. The very fact that the LSE chief executive - and not Deutsche Börse's Werner Seifert or Nasdaq's Bob Greifeld - is still the star of the show demonstrates her success. If her self-confidence alone were driving the exchange, then the SETS electronic order book would be recording a million trades a day, LSE shares would have topped £20, stamp duty on equity trading would be a thing of the past, Project Turquoise would have faded and Project Boat foundered.