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."
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