News

Tradelect doubles up for Italian integration

Karl Flinders

The London Stock Exchange is doubling the capacity of its trading platform over the next month in readiness for the transfer of Italian equity on to the platform.

The company completed its takeover of Milan based Borsa Italiana and has set September as the deadline for the integration of the Italian exchanges equities on to its Tradelect platform.

All equities on the Italian exchange will be traded via Tradelect by September next year, said the stock exchange.

The 12-month timeframe is only possible because of the ease of which increases in capacity can be made with Tradelect, said Robin Paine, chief technology officer at the exchange.

"It is hard to be exact, but it would probably have taken three years to integrate without Tradelect," said Paine.

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