Brace of Bourses Take Millennium Exchange
The London Stock Exchange Group (LSEG) has announced that the Johannesburg Stock Exchange (JSE) and Mongolian Stock Exchange (MSE) are now live on its Millennium Exchange platform.
The offering comes from MillenniumIT, which is owned by LSEG. The platform specializes in ultra low-latency trading, and is the culmination of a wider project with the MSE to develop the country's capital market. LSEG also announced that Borsa Italiana, owned by the Group, also migrated to the platform.
The JSE has been planning this move for some time, as part of a wider upgrade strategy. It has estimated that the migration will increase its matching speeds by up to a factor of 400.
"London Stock Exchange Group was very pleased to have been selected to work with the Mongolian Stock Exchange and we are delighted to have successfully delivered a world-class exchange platform," says Xavier Rolet, CEO at LSEG. "The development of stable, efficient and transparent capital markets infrastructure is a vital step in Mongolia's journey towards greater prosperity. London Stock Exchange Group's MillenniumIT technology, now installed at the MSE, will create new and exciting opportunities for the country's leading companies and allow them to raise capital, in Mongolia and overseas, with confidence. We look forward to the future and continuing to work with our partners in Mongolia."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
JP Morgan touts DLT, tokens for collateral management
Distributed-ledger technology could make moving non-cash collateral more efficient, said managing director Toks Oyebode during an Isda conference on Thursday.
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
BlackRock to integrate Aladdin and Preqin to create new private markets platform
CEO Larry Fink calls combining the two platforms “maybe the biggest opportunity in 10 years.”
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
Adaptive’s Aeron goes live on Microsoft Azure Marketplace
The messaging software used for building bespoke trading platforms is now available on Microsoft’s marketplace, making it accessible through major cloud providers.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
Waters Wrap: CME, Google and the pursuit of ultra-low-latency trading
CME Group and Google have announced Aurora, Illinois, as the location for the exchange’s new co-location facility. Anthony explains why this is more than just the next phase of the two companies’ originally announced project.