Aequitas NEO Exchange goes live in Canada using full suite of MillenniumIT trading technology

  • Next generation MillenniumIT platform provides technical innovation, versatility and reliability
  • Rapid development and delivery in less than 12 months underlines MillenniumIT reputation for agility and efficiency

MillenniumIT, a provider of agile and resilient capital markets solutions and part of London Stock Exchange Group, today announced that Aequitas NEO Exchange has successfully gone live in Canada using MillenniumIT’s integrated technology solution.

The complete project from contract execution to exchange go-live took less than twelve months, further enhancing MillenniumIT’s reputation for innovation, versatility and reliability.

MillenniumIT’s integrated technology solution includes a broad range of multi-asset products, on the foundation layer of its next generation integration platform (MAP™). MillenniumIT’s trading platform (Millennium Exchange™), Smart Order Routing (Millennium SOR™), Millennium MarketData™ and Millennium Surveillance™ products were all selected for the Aequitas NEO solution.

Mack Gill, CEO, MillenniumIT, said: “The successful launch of this project is due to the mutual drive of both organisations to be at the cutting edge of innovation. The entire project was a tremendous effort from an agile and globally integrated team of Aequitas and MillenniumIT professionals. By leveraging the flexibility of the integrated Millennium platform, we’ve been able to support the launch of Aequitas NEO Exchange in record time, bringing true innovation to the Canadian marketplace.”

Jos Schmitt, CEO, Aequitas NEO Exchange Inc., added: “The task we set back in March 2014 was enormous; we wanted to build an exchange of the future that challenges existing trading models and puts investors, companies raising capital and their dealers first. This could not have been possible without the exemplary partnership with MillenniumIT. The breadth of their innovative and highly adaptable products combined with the dedication of our two teams throughout the duration of the build, test and go-live have enabled us to bring our trailblazing exchange model to market very quickly. The highly flexible nature of MillenniumIT technology infrastructure means that we are confident in our ability to make ongoing enhancements to ensure the exchange technology develops and grows.”

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For further information:

Media

Mark Benhard   +1 212 314 1199
Ed Clark           +44 (0)20 7797 1222

newsroom@lseg.com

Notes to editors:

About MillenniumIT
MillenniumIT is the power behind many of the world’s financial markets. MillenniumIT pre- to post-trade, multi-asset, ultra-low latency, agile technology infrastructure supports the trade lifecycle for more than 40 financial institutions and financial services firms around the world.

The MillenniumIT solution suite includes ultra-low latency trading platform Millennium Exchange™, the Millennium SOR™ smart order router; Millennium MarketData™, Millennium Surveillance™, and the integrated clearing, settlement and depository solution Millennium PostTrade™. Underpinning all of these solutions and providing the core integration layer is the Millennium Advanced Platform™ (MAP™).

Clients include Borsa Italiana, HKEx, Johannesburg Stock Exchange, London Metal Exchange, London Stock Exchange Group, Singapore Exchange, Toronto Stock Exchange, Tullett Prebon and Turquoise.
Founded in 1996 and head-quartered in Sri Lanka, MillenniumIT is a fully-owned subsidiary of the London Stock Exchange Group.

About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international market infrastructure and capital markets business sitting at the heart of the world's financial community. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, a pan-European equities MTF. It is also home to one of the world’s leading growth markets for SMEs, AIM. Through its platforms, the Group offers international business and investors’ unrivalled access to Europe's capital markets.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of multi-asset global CCP operator, LCH.Clearnet Group, LSEG operates CC&G, the Italian clearing house; Monte Titoli, the T2S-ready European settlement business; and globeSettle, the Group’s newly established CSD based in Luxembourg.

The Group is a global leader in indexing and analytic solutions. FTSE and Russell Indexes offer thousands of indices that measure and benchmark markets around the world. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, Proquote and RNS.

Following the acquisition of Russell Investments, LSEG conducted a comprehensive review of the investment management business to analyse its strategic fit with the Group. This was concluded in February 2015, and LSEG is now exploring a sale of the business in its entirety.

London Stock Exchange Group is a leading developer of high performance trading platforms and capital markets software for customers around the world. In addition to the Group’s own markets, over 35 other organisations and exchanges use the Group’s MillenniumIT trading, surveillance and post trade technology.

Headquartered in London, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,700 people.

Further information on London Stock Exchange Group can be found at www.lseg.com