LSEG’s MillenniumIT selected by Singapore Exchange (SGX) as post-trade technology partner

  • Millennium PostTradeTM chosen by SGX to provide complete post-trade processing in real-time
  • First full roll-out of MillenniumIT multi-asset clearing, settlement, risk and CSD technology platform
  • MillenniumIT now provides trading and clearing platforms technology to over 30 organisations around the world

MillenniumIT, London Stock Exchange Group’s proprietary technology business, today announces that it has been selected by Singapore Exchange (SGX) to power the bourse’s post-trade operations.

SGX will install Millennium PostTrade, MillenniumIT’s scalable and flexible multi-asset clearing, settlement, risk and central depository solution for Singapore’s securities market.

Millennium PostTrade is built on MillenniumIT’s advanced technology platform, providing highly flexible, ultra-low latency operations. This technology is based on MillenniumIT’s own patented ‘BID’ technology, which gives customers heightened flexibility allowing for the rapid rollout of regulatory and market-driven changes. The implementation of Millennium PostTrade will enable SGX to offer its clients advanced, reliable, flexible real-time post trade services on a single platform, across asset class.

Mack Gill, CEO of MillenniumIT, said: “We are delighted to have been selected by SGX to power its global post trade operations for multi-currency, multi-asset class solutions for its members. Not only is SGX South East Asia’s largest bourse but it is also the region’s most international exchange. This represents a significant partnership for us and the first contract win for the full Millennium PostTrade solution.”

Xavier Rolet, CEO of LSEG added: “MillenniumIT has shown again that its highly scalable, low latency platform appeals to capital markets providers globally. SGX is one of the world’s leading exchanges and joins over 30 organisations around the world which are now being powered by MillenniumIT’s technology.”

Magnus Bocker, CEO of Singapore Exchange said: “SGX is once again bringing next-generation services and technology to its securities market as we continue to strengthen our Asian Gateway proposition. Our customers can expect improved access, efficiency and flexibility in the types of products and services we will offer once the system is in place. We look to London Stock Exchange Group for its support as we introduce this new technology to our market, the first implementation of such scale for Millennium PostTrade.”

- Ends -

For further information:

Media 
Ed Clark +44 (0)20 7797 1222
newsroom@lseg.com

Notes to editors:

About MillenniumIT:

MillenniumIT is a leading innovative trading technology business. MillenniumIT’s systems are used by exchange businesses around the world including, Turquoise, ICAP, the London Metal Exchange and a series of emerging market exchanges.

MillenniumIT's suite of capital market products include; Millennium Exchange, an ultra low latency, highly scalable trading platform; Millennium SOR, a smart order router; Millennium Surveillance, a market surveillance and regulatory compliance system; and Millennium Depository and Millennium PostTrade, providing integrated clearing, settlement and depository functions. 

Founded in 1996, and headquartered in Colombo, Sri Lanka, MillenniumIT is fully owned by the international diversified exchange business, London Stock Exchange Group.

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European MTF, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.

The Group offers its customers an extensive range of real-time and reference data products, including Sedol, UnaVista, Proquote and RNS, as well as access to over 200,000 international equity, bond and alternative asset class indices, through LSEG’s world leading index provider, FTSE.

London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.

Further information on London Stock Exchange Group can be found at: www.lseg.com