Euronext Liffe and NYSE Arca’s business could be harmed if it fails to match the technological advances being forged by the market, the exchange has admitted.
The exchange stressed the need for it to keep ahead of the game during its annual 10-K filing to Securities Exchange Commission.
“With respect to Liffe Connect, NSC (nouveau système de cotation) and related ancillary systems and distribution network, the growth of algorithmic and so called “black box trading” requires us to increase systems and network capacity to ensure the increases in message traffic can be accommodated without adverse effect on system performance. Keeping pace with these ever increasing requirements can be expensive. If...