ConvergEx Upgrades MillenniumSM ATS
The upgrades are designed to support ultra-low latency, and include matching engine optimization and connectivity advancements. The firm says it is currently in the process of transitioning customers onto its new FIX architecture.
"Millennium is known for its pioneering role in dark-pool execution, diverse liquidity and high execution quality," says Brian Carr, managing director and co-head of sell-side services at ConvergEx Execution Solutions. "This upgrade continues Millennium's long established tradition of excellence and keeps customers at the forefront of execution technology."
According to ConvergEx, Millennium is one of the industry's most comprehensive continuous ATSs in the US equity market, aggregating more than five billion shares of available liquidity in over 6,000 symbols daily. Over 100 broker-dealers access the Millennium ATS every day.
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