About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Just One To Go For TradElect

Subscribe to our newsletter

With Oslo Børs moving to the LSE’s Millennium Exchange technology sometime soonish, it looks like flicking the off switch for TradElect is moving closer. The exchange has already migrated its main market and its Turquoise MTF to Millennium, so moving Oslo’s market will mean just Borse Italiana remains in the slower-latency world.

It does all rather highlight how even secondary markets (in a global sense) are needing to keep up in the latency stakes, and – perhaps unlike other market participants – for exchanges it does seem to be an accelerating target.

Just to recap, TradElect was introduced in 2007. Developed by Accenture, based on Microsoft technology, it reputedly cost some £40 million, and had a matching speed of 3.7 milliseconds. The Millennium platform – which came with the October 2009 acquisition of MillenniumIT – went live for the LSE’s main market in February. Actual latency figures are not known (to me, at least) but MillenniumIT has spoken of tests where it acheived matches in 130 microseconds, which it expected to be pushed significantly lower.

Several other Nordic markets are owned by Nasdaq OMX, and run on their own matching technology, which anecdotally is capable of sub 100 microsecond matching.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Competitive Edge with Outsourcing and Managed Services in Trading Technology

Outsourcing has emerged as a strategic solution for capital markets firms as trading technology infrastructures become more complex, data volumes grow exponentially, and regulatory pressures intensify. .By leveraging third-party expertise, firms can optimise operations, reduce costs, and focus on innovation in their trading technology stack. Outsourcing potentially enables firms to scale seamlessly, meet regulatory reporting...

BLOG

AI in Capital Markets Summit NYC 2025: Seats Filling Fast – Book Now

Following a successful second event in London, the AI in Capital Markets Summit (AICMS) arrives in New York City for the first time on June 26, 2025, to advance the critical industry conversation about artificial intelligence – from experimentation to production. Hosted by A-Team Group at @Ease on Third Avenue, this timely event is a...

EVENT

ESG Data & Tech Briefing London

The ESG Data & Tech Briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...