LSE invests in network monitoring

The London Stock Exchange (LSE) has rolled out a monitoring application for its TradeElect electronic trading system to make sure it is running at optimal levels.

The LSE has implemented a network latency monitoring and analysis application provided by Corvil to make sure network latency is below the benchmark end-to-end five milliseconds with no packet loss. TradeElect has the capability to run algorithmic trading at speeds unreachable by human traders.

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The LSE said Covil's technology has helped it to manage low-latency in its network. It said in a statement: "Since the launch of TradElect on 18 June, we have experienced 10 out of the top 10 busiest days by volume and seven out of the top 10 busiest days by value traded."

The LSE said the investment it has made in its technology roadmap, including the development and deployment of both Infolect - its real-time data delivery system - and TradElect, have "provided the market with world-leading levels of performance and capacity that facilitates significant market activity".

It said the technology roadmap was guided by 10 design principles from the start, including agility, availability, performance and capacity, and "these principles ensure that our new systems will be able to scale appropriately to support anticipated future market volume growth".