London Stock Exchange Group picked as development and technology partner by Argentinean bourse
Thursday, 1 August 2013 02:12
The London Stock Exchange Group announced that it has been selected as the business development and technology partner by the Argentinian Central Securities Depository (CSD), Caja de Valores S.A. (CVSA).
CVSA acts as the technology provider to the newly formed Bolsa & Mercados Argentinos Exchange (B&MA). MillenniumIT, LSEGâ€™s proprietary technology company, will supply capital markets technology across asset classes, including its ultra low latency, highly scalable trading platform, Millennium Exchange.
London Stock Exchange Group will also provide a range of ancillary services alongside the trading technology agreement to help further develop the Argentinian capital markets.
Mack Gill, CEO of MillenniumIT, said: â€śThis is a significant contract win for us. Argentina is one of the largest economies in Latin America and we are delighted they have chosen MillenniumIT to further develop their capital market infrastructure. MillenniumIT has shown again that its highly scalable, low latency platform appeals to providers of capital markets around the world.â€ť
Antoine Shagoury, COO of London Stock Exchange Group, said: â€śLSEG is excited about the partnership opportunity to facilitate the next stage of Caja de Valoresâ€™ and B&MA development. Argentina continues to develop its market infrastructure and LSEG is looking forward to providing its extensive expertise and assistance at this critical time.â€ť
Guillermo Lolla, Chairman of Caja de Valores S.A., stated: â€śWe are pleased to have chosen London Stock Exchange Groupâ€™s MillenniumIT as our technology provider after an extensive selection process. We also look forward to developing a strong partnership with LSEG to exploit their expertise, with specific focus on trading and post-trade services.â€ť
Ernesto Allaria, Director of B&MA, added: â€śSelecting MillenniumIT as our technology provider offers B&MA significant opportunities to take advantage of more globally interconnected markets. This represents an important step forward for B&MA as well as the rest of Argentinaâ€™s capital markets.â€ť