25 March 2017
visit nextgenbanking.co.uk

LME launches real-time testing platform for trading strategies

21 March 2014  |  1562 views  |  0 Source: London Metal Exchange

The London Metal Exchange (LME) has launched a real-time synthetic test environment for members and their clients.

The new system, LMEstage, will help to ensure market integrity by providing a simulated live market environment in which users can test their trading strategies.

"Clients can achieve much more with LMEstage than with traditional testing methods, because our system provides a fully interactive and dynamic environment that mirrors live trading behaviour on the LME's electronic trading platform, LMEselect," said Robin Paine, the LME's Chief Technology Officer. "Existing testing methods generally involve back-testing using historical market data, while LMEstage provides higher confidence for users by producing a more accurate reflection of the real market."

LMEstage is also ideal to help firms demonstrate that their processes conform to the recommended testing practices as set out in the European Securities and Markets Authority (ESMA) guidelines.

Using custom algorithms that generate order flow, LMEstage enables clients to test their trading strategies and supporting systems in an environment that is similar to, but not identical to, the live market. In addition, the LME can stress the simulated market in a variety of ways, for example, by providing strong directional price pressure or high order rates.

LMEstage, one of the first systems of its kind, is immediately available to category 1 and 2 members and their clients, as well as independent software vendors (ISVs)

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57094 views comments | 15 tweets | 35 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8494 views comments | 23 tweets | 37 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
8330 views comments | 42 tweets | 25 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7063 views comments | 4 tweets | 10 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
6940 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job