This page has not been updated recently.
We have kept it, within the OnWindows Archive, for your reference.

LSE TradElect system goes live

TradElect, the London Stock Exchange's new electronic trading system, has gone live.

The new technology platform has been developed using the Microsoft .NET Framework, with support from Microsoft and Accenture, and marks the final phase of the Exchange's four-year Technology Road Map project. TradElect enables significant increases in both speed of trading and system capacity.

"The introduction of TradElect, the culmination of a four year investment in next generation technology, will deliver a step change in trading capabilities to the London market," said David Lester, chief information officer at the Exchange. "As high-frequency algorithmic traders look globally for pools of liquidity in which to find alpha opportunities, TradElect sets new benchmarks in terms of system capacity and performance."

The exchange made the strategic decision to replace its technology rather than adapt existing, outdated technology. Customers have had access to test environments for the past nine months, and the past two months have seen three market weekend dress rehearsals to prepare market systems for cutover.

TradElect enables the market to execute trades fully and resiliently in around ten milliseconds. This builds on the performance of the Exchange's information dissemination platform, Infolect, which was launched in October 2005 and provides the market with a full-depth view of company prices within two milliseconds. These levels of performance should drive further increases in trading volume and allow new market strategies to be applied in London.

TradElect also increases the Exchange's capacity, initially fivefold, to enable significant trading growth. TradElect's capacity would be sufficient to handle the current trading transactions for all European equities, and the system enables the Exchange to further double capacity on demand, at less than one fifth of previous costs.

The new platform has been designed to the highest levels of resilience with comprehensive back up, which includes dual processing at two sites and recovery from component failure within a second.

"TradElect's launch underlines the Exchange's commitment to invest continuously to improve market efficiency for the benefit of all traders, investors and listed companies. Together with a long-standing reputation for full transparency of information, strong regulation and progressive fee reductions, the London markets are underscoring their leading global position," said Lester.

Please login/register to add your comments


Review comments:

There are currently no comments on this article

 

 

Prime focuses on Microsoft technology in manufacturing, exploring issues from PLM and the supply chain, to plant floor visibility and lean manufacturing.

 

Finance on Windows is Microsoft’s quarterly enterprise customer magazine for the financial services sector, covering banking, capital markets and insurance.

 

Speak provides a quarterly digest of news, features and case studies focusing on challenges faced by retail, hospitality and consumer-focused businesses.

 

Touch is the latest addition to the suite of Microsoft industry publications and the new authority on public sector activity within the EMEA region.

 
Financial Services Global Outlook 2012-2015

The Financial Services Global Outlook 2012-2015 is an essential resource for those looking to identify solution providers in banking, insurance and capital markets.

 
Prime Partner Guide 2010/11

The Manufacturing & Resources Global Outlook 2012-2015 is a leading authority on Windows-based solution providers in the manufacturing and resources sectors.

 
Distribution and Services Global Outlook

The Distribution and Services Global Outlook is a yearly publication that profiles Microsoft technology partners in the retail, consumer goods and services industries.

 
Public Sector Global Outlook

The annual Public Sector Global Outlook is an invaluable resource for companies in the sector seeking to leverage their investment in Microsoft solutions.

 
Communications Sector Partner Guide EMEA 2010

The Communications Sector Partner Guide is Microsoft’s official printed directory of partners serving the EMEA communications sector.

Keep up with OnWindows

Advertise

To find out more about advertisement opportunities online and in our suite of Microsoft industry magazines visit the OnWindows.com Partner Zone