Three stock exchanges join LSEG trading platform

The London Stock Exchange Group (LSEG), announced that three exchanges on three continents, Borsa Italiana, Johannesburg Stock Exchange and Mongolian Stock Exchange have, within the last month, successfully migrated to the Group’s ultra-low latency, high performance trading platform, Millennium Exchange.

Developed by MillenniumIT, LSEG’s proprietary capital markets technology provider, Millennium Exchange is the world’s fastest trading platform, facilitating all trading on London Stock Exchange’s flagship UK equity market.

Tony Weeresinghe, CEO of MillenniumIT and Director of Global Development at the LSEG said: “These migrations serve to highlight Millennium Exchange’s extraordinary versatility. From Mongolia’s fledgling market to Borsa Italiana, one of Europe’s largest exchanges, our technology provides world-leading latency, exceptional flexibility and scalability. The Mongolian project in particular, demonstrates the speed with which our systems can be installed and activated even in a market with no history of electronic trading.”

The Mongolian Stock Exchange successfully migrated to the new platform on 2 July, marking the culmination of a 14-month project to completely modernise the country’s capital markets infrastructure. As well as overhauling the market’s technology, LSEG developed a wide-ranging education programme for market participants and worked with the Mongolian government to re-write the country’s capital markets regulations and securities law.