LSE Takes TradElect Live
The £40 million ($79 million) next-generation system is the final part of a four-year IT overhaul designed to increase performance, enhance functionality and bring new services to the markets, while maintaining reliability, LSE officials say.
According to David Lester, CIO at the LSE, TradElect will take the exchange capacity from 600 orders per second to between 2,500 and 3,000 orders per second, an uplifting capacity of more than fourfold initially. TradElect also brings end-to-end execution
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