MillenniumIT goes live at Oslo Børs
MillenniumIT, a leading technology solutions provider and part of
London Stock Exchange Group announced today that Oslo Børs, the
Norwegian stock exchange has gone live with the automated trading system
(ATS), Millennium Exchange.
Millennium Exchange, a flexible, highly scalable and ultra-low
latency platform, will be used for both the equities and fixed-income
marketplaces at Oslo Børs. The ATS which is particularly suitable for
modern trading methods, will strengthen Oslo Børs' distribution to
international broking firms and global investors.
Tony Weeresinghe, CEO of MillenniumIT and Director of Global
Development at London Stock Exchange Group said,'We are delighted to
have successfully migrated another European exchange onto the
MillenniumIT platform in a project which has taken less than twelve
months. Oslo Børs members can now benefit from the high performance and
rich functionality of Millennium Exchange, alongside other European
users.
This is an important milestone for London Stock Exchange Group since
the Oslo Børs markets were the last still using the legacy TradElect
system, which will now be decommissioned.'
Bente A. Landsnes, President and CEO of Oslo Børs said: 'We are
extremely pleased with the successful launch of the new trading system.
It is important for Oslo Børs to offer high quality state-of-the-art
technology to ensure that our marketplaces remain competitive and to
help our customers to offer even better products and services to the
market".
Oslo Børs is in the process of acquiring the Nordic MTF Burgundy and
following the successful launch of Millennium Exchange Oslo Børs is also
planning to migrate Burgundy to MillenniumIT technology, during the
course of 2013, enabling trading in Nordic financial instruments on the
same platform. |