TradElect was the London Stock Exchange's main electronic trading platform from 2007 to 2011.
In April 2010 the Oslo Stock Exchange also adopted TradElect,[7] as part of a strategic partnership agreement.
[10] However, Celent analyst Cubillas Ding noted that this outage, and three previous ones, all coincided with large spikes in trading volumes, from different economic events, and concluded that the LSE's technology could not cope with the high trading volumes.
[12] In May 2009, the London Stock Exchange gained a new CEO, Xavier Rolet, who set about reviewing costs and cutting jobs.
Only two years after TradElect had first gone live, the London Stock Exchange decided to scrap it and replace it with something else.