LSE facing biggest challenge in 200 years of history
History is witness, London stock exchange was never been in troubled this way and it seems like LSE has found this challenges itself. With the 200 years of successful journey of London stock exchange has played a big role with what it comes to stock market today.
The growing numbers of the traders that want to go for computerized system are declined with the market share. After the month of June 2009, Tradelect core trading that used in London stock exchange didn’t find to be as good it should be. After the huge investment of the employee with the customization as well as with the 40 million pound, the algorithm noticed as worse. This attempts to grow the number of the declining market share in the stock market today and so do the performance.
What actually this algorithms stand for is to buy and sell the shares and the traders can easily trade with the computerization system. But now, traders are only will hold the shares for milliseconds as a result downtime and slow trading has been faced to many of the traders. The multi trading facility seems to find an adequate result to get away from this system but the instrument directive has liberalize this sector, that has been serving from last 3 years.
Now, the deadline will have assigned to Millennium IT to resolves this problem since the London stock exchange is famous for multi trading facility. The Millennium IT is one of the promising company that received this order and came up with this worse ever system.
Now, it seems like a bull fight with the London stock exchange with the stock market today, where the traders that has been practicing to buy and sell their shares will be kept away to enjoy this great innovative tools, you know. Let’s see, how all these pitfall is going to have a beautiful end? Technology will definitely reverse the London stock exchange and people wouldn’t feel problematic with the stock market today.