MiFID costs 'no comment'

As part of a four-year Technology Road Map, the LSE has just announced its plans to rely on chips from provider AMD instead of Intel as part of building a more flexible platform for everything from providing price feeds to executing trades on behalf of its member firms. Responding to regulatory changes also factors into the platform’s design, and development work is ongoing to prepare for implementation of MiFID at the back end of next year. “We need to further invest ahead of MiFID,” Paine says. However, when asked to quantify exactly how much the exchange expects to spend on respond...