MillenniumIT selected by HKEx for Central Gateway

MillenniumIT, a leading technology solutions provider and part of London Stock Exchange Group, announced yesterday that they had signed an agreement with Hong Kong Exchanges and Clearing Limited (HKEx), to provide the bourse with its gateway platform Millennium SOR for its Orion Central Gateway project.

The Orion Central Gateway project will see the introduction of a Central Gateway to replace the existing distributed gateway infrastructure in the cash market of the exchange. The implementation of the MillenniumIT platform will result in reduced costs to market participants, reduced latency and result in the market migration to the protocols and methods that will be adopted within the exchange's future trading system.