Delhi Stock Exchange goes for MillenniumIT trading technology

Saturday, 12 November 2011 00:00 - - {{hitsCtrl.values.hits}}

Millennium Information Technologies (MillenniumIT), a leading technology solutions provider and a member of the London Stock Exchange Group, yesterday announced that it has signed a contract with the Delhi Stock Exchange (DSE) to provide the Indian Exchange with trading technology.

The deal will see MillenniumIT provide solutions for equity, derivatives and FX trading as well as clearing technology.

Millennium Exchange is an ultra low latency, highly scalable trading platform offering low-cost solutions to exchange businesses around the world.

MillenniumIT CEO and London Stock Exchange Group Director of Global Development Tony Weeresinghe said: “We are delighted to have been chosen to provide trading and clearing technology solutions to the Delhi Stock Exchange. India is a dynamic and fast developing market and we look forward to working with the Delhi Stock Exchange to introduce a high-speed, low-cost trading solution to the Indian market.”

A timetable for implementation will be announced in due course.

Part of the London Stock Exchange Group, MillenniumIT is a premier technology solutions provider serving the global capital markets industry. The company’s products currently power exchanges, depositories, brokerages and regulatory bodies in the United States, Europe, Africa and the Asia-Pacific region. In Sri Lanka, MillenniumIT is a leading information technology solutions provider, specialising in IT solutions for the financial and telecom industries. MillenniumIT also offers information technology infrastructure and consulting services.