Aequitas selects MillenniumIT technology to power Canada’s newest exchange
- Suite of MillenniumIT products selected to power new exchange
- Further strengthens MillenniumIT’s position in Canada
- MillenniumIT provides trading and clearing technology to over 40 capital markets organisations around the world
MillenniumIT, London Stock Exchange Group’s technology solutions provider, today announced it has been selected by Canadian-based Aequitas Innovations Inc., (Aequitas) to provide a suite of capital markets technology products. Millennium Exchange, Millennium SOR and Millennium MarketData are among the products chosen by Aequitas for its new marketplace in Canada.
MillenniumIT has developed an integrated solution, tailored to the specific needs of the Aequitas exchange platform. Aequitas was founded by a diversified group of Canadian corporations, representing professional money managers, pension fund managers, institutional and retail brokers and Canadian issuers. It has been designed to apply innovation, technology and competition to improve fairness and efficiency in the Canadian capital market with particular focus on traditional investors and issuers.
Mack Gill, CEO, MillenniumIT said: “We are excited to have been selected by Aequitas to provide them with an end-to-end technology solution. This is a significant win for us – our suite of capital markets technology has been chosen to launch this new exchange, which is set to bring increased competition to the Canadian capital market. It is a strong validation of our products’ reputation for innovation, versatility and reliability.”
Jos Schmitt, CEO, Aequitas said: “At Aequitas, we are building an exchange of the future using a bold blueprint that puts issuers and long-term investors first. As we partner with MillenniumIT we will combine their leading technology and presence in Canada with our innovative and patented solutions. This tailored technology design will allow us to successfully deliver on our mandate to re-establish more fairness in the markets, strengthen the capital formation process and introduce innovation and meaningful competition in the marketplace landscape.”
Karl Ottywill, Chief Operating Officer, Aequitas said: “Aequitas conducted a robust RFP process where we measured the ability of technology providers to deliver a series of technology and operational requirements. MillenniumIT rose to the top as the clear leader in its field. With solid expertise, MillenniumIT has quickly proven its technology is adaptable to meet our needs and enable Aequitas to go to market with real innovation.”
MillenniumIT technology now powers over 40 exchanges, depositories, brokerages and regulatory bodies across the Americas, Europe, Asia and Africa.
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For further information:
Ed Clark - +44 (0)20 7797 1222
Mark Benhard - +1 212 314 1199
Notes to editors:
MillenniumIT is a leading innovative trading technology business. Powering over 40 financial organizations and exchanges around the world, MillenniumIT’s clients include London Stock Exchange, Borsa Italiana, Turquoise, London Metal Exchange, Tullett Prebon, Johannesburg Stock Exchange, Singapore Exchange and HKEx.
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 MarketData™, an ultra-fast and efficient data for financial markets; Millennium Surveillance™, a market surveillance and regulatory compliance system; 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.
For more information please visit www.millenniumit.com
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 equities platform, 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 and growing 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. FTSE calculates thousands of unique indices that measure and benchmark markets and asset classes in more than 80 countries around the world.
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 40 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