London Stock Exchange (LSE) is upgrading its global wide area network (WAN) communication infrastructure to support high-speed data transmission and message-broadcasting capabilities.
The exchange has signed a three-year extension contract with global communications support Verizon Business. It will rely on on Verizon's fully managed Ethernet services to underpin its new service offerings, including TradElect, the electronic trading system it launched on 18 June.
LSE is also doubling the capacity of its trading platform over the next month to prepare for the transfer of Italian equity on to the platform. The exchange completed its merger with Borsa Italiana on 1 October, and plans to integrate the Italian exchange's and LSE's equities markets on the TradElect platform.
The combined group "operates the most advanced trading platform of any exchange and the most efficient post-trade services in Europe," said the LSE.
The takeover also gives the exchange access to the highly-prized MTS, a regulated European electronic exchange for government bonds and other types of fixed income securities.
The network upgrade, which will be provided by Verizon Ethernet Private Line services, will provide a a speed of 10 megabits per second (Mbps), upgradeable to 100 Mbps. Verizon Business also monitors the exchange's network performance.
LSE's head of real-time information, Wendy Morgan, said: "Our customers around the globe depend on the consistent reliability, security and speed of our exchange. In the delivery of market-critical data, any downtime means a loss in trading, which is unacceptable. Our new network guarantees us top-level business resilience and continuity, providing us with the confidence that we can deliver every second of the business day."
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