MillenniumIT Selected to Provide Trading Technology to Delhi Stock Exchange
- Agreement for equity, derivatives, FX trading and clearing technology
- Low latency platform will offer international investors advanced technology access to India’s capital markets
London Stock Exchange Group (‘the Group’) today announced that MillenniumIT, a wholly owned subsidiary, has signed a contract with the Delhi Stock Exchange (‘DSE’) to provide the Indian Exchange with trading technology. The deal will see MillenniumIT provide solutions for equity, derivatives and FX trading as well as clearing technology.
Millennium Exchange is an ultra low latency, highly scalable trading platform offering low-cost solutions to exchange businesses around the world.
Tony Weeresinghe, CEO of MillenniumIT and Director of Global Development at London Stock Exchange Group said:
“We are delighted to have been chosen to provide trading and clearing technology solutions to the Delhi Stock Exchange. India is a dynamic and fast developing market and we look forward to working with the Delhi Stock Exchange to introduce a high-speed, low-cost trading solution to the Indian market.”
A timetable for implementation will be announced in due course.
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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) sits at the heart of the world’s financial community. 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 Turquoise, offering pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.
The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world an extensive range of real-time and reference data products and market-leading post-trade services.
Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1500 people. Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.
MillenniumIT is a leading innovative trading technology firm. 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, providing integrated clearing, settlement and depository functions. Founded in 1996, and headquartered in Colombo, Sri Lanka, MillenniumIT was acquired by the international diversified exchange business London Stock Exchange Group in October 2009.