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Monday, 22 October 2012 - LME signs deal on new trading surveillance software |
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With trading weak this year, top stock exchanges such as the LSE and NYSE Euronext have increasingly been looking to boost revenue with technology deals, part of a diversification drive which includes clearing and data services. The LME, in the final stages of being bought by the Hong Kong Exchange, said the technology would help it better monitor its markets in real time. "This will enhance our ability to detect and query real or apparent market abnormalities," Diarmuid O'Hegarty, LME Deputy Chief Executive, said in a statement. "The flexibility of the surveillance platform will allow the LME to develop new alerts, to adapt to market changes and to manage volume growth." The LSE bought Sri Lankan system supplier Millennium in 2009. (Reporting by Kylie MacLellan; Editing by Helen Massy-Beresford) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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