The London Stock Exchange has reported the success of
itsTradelect core trading platformin
contributing tostrong trading performance.
In an update for the six months ending 30 September 2007 the
exchange said average daily number of trades on its Sets electronic
order book increased 75% to 551,000.
Clara Furse, chief executive at the trading venue, said strong
volume growth was the result of market volatility and the
Tradelect platform. which was introduced in the summer.
"The SETS electronic order book achieved enormous volume growth
over the summer, as increased market volatility during the period
added to strong growth already being facilitated by the new
Tradelect platform, in conjunction with customer and other Exchange
initiatives. This excellent performance, together with high levels
of activity in the primary markets and good progress in the
Information Services division, ensures that we will report strong
first half results," she said.