LME signs agreement on new trading surveillance software

  • The London Stock Exchange's technology system supplier Millennium IT announced on Monday it had signed a deal to provide the London Metal Exchange (LME) with surveillance software enabling it to analyze trading patterns.

    Weak trading has increasingly led to top stock exchanges such as the LSE and NYSE Euronext looking to boost revenue with technology deals as part of a drive to diversify its interests.

    The LME, which is in the final stages of being bought by the Hong Kong Exchange, said the technology would enable it to better monitor its markets in real time.

    The LSE bought Sri Lankan system supplier Millennium in 2009.