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Monday, 21 January 2013

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London stock exchange partners with lima stock exchange

London Stock Exchange Group announced that it had entered into a technology partnership with Bolsa de Valores de Lima. Millennium IT, a wholly-owned subsidiary of London Stock Exchange Group will provide state of the art trading and Smart Order Routing technology to Peru’s markets via its ultra low latency, highly scalable trading platform, Millennium Exchange and Millennium SOR.

“This is a significant achievement for us. Peru is one of Latin America’s fastest growing economies, and there is need for efficient and reliable capital markets infrastructure as business and investment continues to develop there.

We look forward to building on this partnership, and playing our part in the next stage of Bolsa de Valores de Lima’s development,”Tony Weeresinghe, Director of Global Development at London Stock Exchange Group and CEO of Millennium IT, said.

“We are very conscious of the relevance of technology in our business. That is why we believe this upgrade in our electronic trading platform and order routing system will take us to the forefront of technology. It will allow Bolsa de Valores de Lima to keep up with the growing Peruvian economy, provide new services to the local market and increase its efficiency.

This will allow us to benefit from better tools and a strategic alliance with one of the most developed stock exchanges in the world, London Stock Exchange Group, and to take advantage of more globally interconnected markets, including MILA,”Francis Stenning, CEO at Bolsa de Valores de Lima, said.

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