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Stock Exchange completes upgrade

Karl Flinders

The London Stock Exchange has completed the 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."

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