LSE’s cash markets go live on new MIT trading system

Wednesday, 16 February 2011 00:01 - - {{hitsCtrl.values.hits}}

The London Stock Exchange’s UK cash markets yesterday migrated to a new ultra low-latency trading platform – Millennium Exchange.

Developed by London Stock Exchange Group’s leading trading technology business Millennium IT, Millennium Exchange is a highly scalable, multi-asset class trading platform, offering the exchange’s clients superior technical performance, ultra low-latency and enhanced functionality.

Antoine Shagoury, Chief Information Officer, London Stock Exchange Group, said: “Today’s roll-out of Millennium Exchange for our UK cash markets demonstrates our continued commitment to technological innovation in the marketplace. We are confident that this new platform will provide our customers with exceptional levels of performance, functionality, and capacity.

“This migration is a crucial step forward in our drive to offer best in class trading services and marks a key milestone in the introduction of tightly integrated transaction technology across our markets.”

The timeline for further phases of the London Stock Exchange Group’s migration to Millennium Exchange, covering the other markets operated by the Group, will be released in due course.

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