The London Stock Exchange expects to pay £4m (€6.5m) in fees for its main market listing, the bulk of which will go to Schroder Salomon Smith Barney.

SSSB is acting as financial adviser and sponsor on the July 20 listing while Cazenove, which has already been trading LSE shares on a matched bargain basis for the exchange, is named as stockbroker on the offer. Freshfields Bruckhaus Deringer, the law firm and PricewaterhouseCoopers, the accountants will take a smaller share of the fees.