Stock Exchange praises technology

The London Stock Exchange has highlighted the contribution of its core technology platform in its financial results for the six months to 30 September.

The London Stock Exchange has highlighted the contribution of its core technology platform in its financial results for the six months to 30 September.

The company reported an increase in revenue of 24% to £203.1m with its Tradelect trading platform cited as a key contributor to this. Operating profit increased 41% to £114.7 million

"This result reflects very strong performances in each division, particularly in broker Services with the continued growth of trading on our SETS electronic order book, following the launch of our new Tradelect trading platform in June," said Clara Furse, chief executive at the firm.

The exchange said the integration of Borsa Italiana is under way and said it has started well. All equities traded on the Italian exchange will be transferred to Tradelect by September next year.

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