MillenniumIT goes live at the Botswana Stock Exchange
MillenniumIT, a leading technology solutions provider and part of
London Stock Exchange Group announced that the Botswana Stock Exchange (BSE)
went live with its new automated trading system (ATS), Millennium
Exchange.
Millennium Exchange replaced BSE’s manual trading system that was
based on the open outcry method. In addition, MillenniumIT’s central
securities depository (CSD) system, which was running at BSE since 2008
has been upgraded alongside the implementation of the new ATS.
Tony Weeresinghe, CEO of MillenniumIT and Director of Global
Development, London Stock Exchange Group said,‘I am delighted that
Botswana Stock Exchange is now live on MillenniumIT’s leading Automated
Trading System. Millennium Exchange is a next generation trading
platform that offers ultra-fast order processing capabilities, and
together with the upgraded CSD system, will allow BSE to be more
efficient, offer enhanced services and a better trading experience for
its customers.’
Hiran Mendis, CEO of Botswana Stock Exchange said,‘This is the first
time an ATS has been introduced in Botswana and represents an important
milestone in the modernisation of Botswana’s capital markets. We are
confident that this system will create more liquidity and attract more
investors to our rapidly growing economy.’
MillenniumIT is now live at over 30 customer sites and securities
exchanges around the world.
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