The London Stock Exchange has completedthe upgrade of its core trading platform in readiness for
the integration of Borsa Italiana.
The company completed its £1.63bn acquisition of the Milan-based
exchange last month and said it would double the capacity of
Tradelect to enable equities from Borsa Italiana to be traded
on it.
The exchange last week reported a 70% growth in capacity and a
40% increase in trade processing speed with the launch of release
2.0 of Tradelect.
CIO, David Lester, said, "In its four months since launch,
Tradelect has already demonstrated its capabilities with the top
ten busiest days by volume and seven of the top ten busiest days by
value traded taking place during the period. Following this
upgrade, Tradelect now enables market participants to execute
trades in around 6 milliseconds and has the ability to handle 4,200
orders a second."