London Stock Exchange profit up

London Stock Exchange profit up

New technology platform has helped boost trading volumes by 77 per cent

The London Stock Exchange (LSE) upgraded TradElect technology platform has delivered a 77 per cent growth in trading volumes.

Half-year financial results released today show trading volumes at 555,000 per day, taking revenue up 24 per cent to £203m. And the exchange's operating profit is up 41 per cent to £114.7m.

Technology upgrades at LSE include the number of terminals receiving real-time market data up by 17,000 to 126,000, and a 12,000 increase in number of professional users.

The result reflects the continued growth of electronic order book trading following the launch of TradElect in June, said LSE chief executive Clara Furse.

“The quality of our technology, products, market model and regulatory integrity - plus our ability to provide best execution - means we are well placed to continue to compete successfully and meet the evolving needs of increasingly international market users,” said Furse.