The London Stock Exchange has added a third unplanned dress rehearsal of the launch of its new core trading platform, after its trading firm clients asked for more time to prepare.
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The exchange originally planned two dress rehearsals of the launch of its trading on the MillenniumIT platform in October but has decided to add a third. This will be on 30 October.
The exchange said clients had requested the additional test run.
The stock exchange paid £18m for Sri Lanka-based MillenniumIT when it realised its existing .Net-based system, Tradelect, was not up to the job.
A spokesman said clients had requested extra time to prepare and the stock exchange had always planned for this.
Timeline for introduction of MillenniumIT trading system:
• July 2010: Launch of self certification service
• September 2010: Early access service available
• October 2010: Dress rehearsal 1
• October 2010: Dress rehearsal 2
• October 2010: Dress rehearsal 3
• November 2010: Go-live
• November 2010: Contingency go-live date