Exchange Traded Products will be the first asset class to go live, targeted for H1 2027 subject to regulatory approval. Client testing is scheduled to begin by the end of 2026. The LSE cited London’s established position as a leading international ETP hub and strong global demand for cross-timezone liquidity as the rationale for starting with that asset class, with equities identified as the next expansion step.

LSE 24 will draw on central limit order book and request-for-quote functionality, combining two complementary models: the former supports continuous, transparent price discovery, while the latter allows on-demand liquidity sourcing for less liquid instruments. The venue is positioned separately from the Main Market, which will continue on its existing hours.

A notable element of the announcement is the explicit framing around agentic trading. LSE 24 is designed to provide native connectivity for agent-based workflows, allowing automated systems to interact with market data, order management and execution without requiring human intervention at each step. That language reflects a broader industry shift: algorithmic trading is increasingly giving way to AI-driven systems that can interpret signals and act autonomously within defined parameters, and exchanges are beginning to build for that model directly rather than treating it as an edge use case.

Subject to regulatory clearance, the venue will also connect to LSEG’s Digital Securities Depository, a separate infrastructure project focused on digitising issuance, settlement and asset servicing. The DSD is still in development and represents a longer-term ambition to bridge traditional equity market rails with digital settlement networks.

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