Following a couple of weeks of rumour and intrigue, the received wisdom now appears to be that the London Stock Exchange is indeed considering the future of its TradElect trading platform, introduced with much fanfare as recently as 2007. With new CEO sweeping a broom through the corridors of St. Paul’s Churchyard, it appears that TradElect’s turnaround latency – at a once market-leading 3.7 milliseconds – can’t keep up with newcomers like Chi-X Europe and Bats Europe.

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