
It’s a huge challenge but one that Lester, 43, who retains his role as the LSEG’s director of information services, knows well: He is already working to replace the trading software used on the main London exchange with a more robust platform designed by Sri Lankan trading technology firm MillenniumIT, which the LSEG bought in 2009.
The LSEG has not a moment to lose: Rival trading platforms Chi-X Europe and BATS Europe have been eating away at its market share at an astonishing rate.