LSE to launch new platform for derivatives

first_img Show Comments ▼ LSE to launch new platform for derivatives More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com whatsapp THE London Stock Exchange (LSE) has announced that it will launch a pan-European derivatives trading platform in the second quarter of 2011. The move comes after rival trading platforms stole market share, in part due to regulatory changes following concern about competition.In February, LSE bought the high-frequency trading platform Turquoise as part of its response to changing demand. Turquoise, which uses technology from LSE-owned company Millennium IT in October, will form the basis of its new platform. Turquoise suffered a blow to its reputation earlier this month when the Millennium IT system it uses was taken out for two hours by suspected sabotage.The incident forced LSE to put back the move-over of the main market onto the Millennium IT system, but the firm insists that it has not affected its plans for the Europe-wide derivatives platform: “This was an isolated incident and, although a thorough investigation is ongoing, it is clear that it was unconnected to the functioning of the trading platform itself,” the company said in its third-quarter results statement. Overall, analysts were cautiously positive on LSE’s earnings. Its six-month pre-tax profit was up 26 per cent to £100.2m. Revenues from primary capital markets were up just one per cent on last year, to £297.9m, and revenues from cash equities in the UK fell 18 per cent to £44m. Share Thursday 18 November 2010 8:35 pm Tags: NULL KCS-content whatsapplast_img read more