MillenniumIT, London Stock Exchange Group’s proprietary technology business, has successfully implemented its Millennium PostTrade platform to support SGX’s Central Depository (CDP) business.
Millennium PostTrade, a highly integrated, real time clearing, settlement and depository platform will initially enhance SGX’s securities clearing and connectivity capabilities and provide a solid technology platform to replace CDP’s settlement and depository systems.
With the clearing system and the Application Programming Interface (API) now live, SGX will work with their broker dealers and participants to migrate away from SGX’s proprietary broker back office system.
Millennium PostTrade will enable CDP to adopt global market practices, real time straight-through-processing and industry messaging standards (including FIXML and ISO20022) to deliver improved functionality, performance, flexibility and scalability. Millennium PostTrade is fully SWIFT compliant and builds on the real time clearing platform that MillenniumIT first introduced in Europe in 2013.
Millennium PostTrade, a highly integrated, real time clearing, settlement and depository platform will initially enhance SGX’s securities clearing and connectivity capabilities and provide a solid technology platform to replace CDP’s settlement and depository systems.
With the clearing system and the Application Programming Interface (API) now live, SGX will work with their broker dealers and participants to migrate away from SGX’s proprietary broker back office system.
Millennium PostTrade will enable CDP to adopt global market practices, real time straight-through-processing and industry messaging standards (including FIXML and ISO20022) to deliver improved functionality, performance, flexibility and scalability. Millennium PostTrade is fully SWIFT compliant and builds on the real time clearing platform that MillenniumIT first introduced in Europe in 2013.
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