TradElect Replacement Fuels LSE's MillenniumIT Buy

According to David Lester, CIO of the London Stock Exchange (LSE), the LSE could no longer move forward with its current Trad­Elect matching platform, which supports 20,000 messages per second with a 3 millisecond latency (DWT, March 23).

"There will be huge volume growth coming up for European equities in the next five years," says Lester, adding that in the U.S. markets, a typical trading day could involve 50 million trades and 7.5 billion trade messages. The LSE currently sees between 50 and

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Crypto exchange EDX takes its tech into its own hands

The crypto exchange and clearinghouse, founded in 2022 by industry heavyweights, has built out its technology to meet the needs of the institutional market. In the process, it has learned important lessons about partnering with vendors, building in-house, and, ultimately, control.

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