Stock exchange reinforces Tradelect contribution

The London Stock Exchange has reported the success of its Tradelect core trading platform in contributing to strong trading performance.

The London Stock Exchange has reported the success of its Tradelect core trading platform in contributing to strong 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.

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