MillenniumIT, the provider of ultra-low latency, agile and resilient capital markets solutions and part of London Stock Exchange Group, said the Johannesburg Stock Exchange has selected MillenniumIT to provide the technology for its derivatives and fixed income markets.
The move will extend JSE’s use of MillenniumIT’s next generation integration platform (MAP), the Millennium Exchange trading platform and Millennium Surveillance products beyond equities, providing an integrated multi-market and ultra-low latency solution in support of the JSE’s strategic objective of integrated trading and clearing, the Colombo-based company said.
MillenniumIT’s integrated technology will be rolled out to further markets within JSE, including equity derivatives, currency derivatives, commodity derivatives, bonds and bond derivatives. Mack Gill, CEO, MillenniumIT, said: “MillenniumIT was initially tasked with improving efficiencies and reducing latency in JSE’s equities market and as a result we have established a long-standing partnership with this exciting international exchange.
We’re delighted to extend this partnership with JSE into five additional markets, helping them streamline their trading infrastructure and maintain market integrity across fixed income and derivatives”. Leanne Parsons, Director of Trading and Market Services, Johannesburg Stock Exchange, added: “The efficiencies, scalability and risk management gains we achieved in our equities markets when we moved our technology infrastructure onto MillenniumIT’s platform in 2012 was outstanding: our member firms benefited from executing trades up to 400 times faster than previously. Since then, MillenniumIT has helped us to further improve our latency with a co-location facility.”
The move will extend JSE’s use of MillenniumIT’s next generation integration platform (MAP), the Millennium Exchange trading platform and Millennium Surveillance products beyond equities, providing an integrated multi-market and ultra-low latency solution in support of the JSE’s strategic objective of integrated trading and clearing, the Colombo-based company said.
MillenniumIT’s integrated technology will be rolled out to further markets within JSE, including equity derivatives, currency derivatives, commodity derivatives, bonds and bond derivatives. Mack Gill, CEO, MillenniumIT, said: “MillenniumIT was initially tasked with improving efficiencies and reducing latency in JSE’s equities market and as a result we have established a long-standing partnership with this exciting international exchange.
We’re delighted to extend this partnership with JSE into five additional markets, helping them streamline their trading infrastructure and maintain market integrity across fixed income and derivatives”. Leanne Parsons, Director of Trading and Market Services, Johannesburg Stock Exchange, added: “The efficiencies, scalability and risk management gains we achieved in our equities markets when we moved our technology infrastructure onto MillenniumIT’s platform in 2012 was outstanding: our member firms benefited from executing trades up to 400 times faster than previously. Since then, MillenniumIT has helped us to further improve our latency with a co-location facility.”
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