Johannesburg Stock Exchange opts for MillenniumIT
The Johannesburg Stock Exchange (JSE) 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, 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.
MillenniumIT's integrated technology will be rolled out to further
markets within JSE, including equity derivatives, currency derivatives,
commodity derivatives, bonds and bond derivatives.
The exchange-wide project to move all asset-classes onto
MillenniumIT's technology platform and surveillance solution will take a
phased approach.
Phase one will migrate JSE's equity derivatives and currency
derivatives markets onto MillenniumIT's solution, with the integration
of the remaining markets in subsequent phases.CEO, MillenniumIT, Mack
Gill said, "MillenniumIT was originally 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.
This demonstrates MillenniumIT's ability to deliver ultra-low latency
and agile trading technology across asset class, highlighting the
strength of our complete suite of products," he said. |