London Stock Exchange group said its Millennium Exchange
software has been deployed at the Mongolian Stock Exchange, making in the third
location to go live with the platform after Italy and South Africa.

“The development
of stable, efficient and transparent capital markets infrastructure is a vital
step in Mongolia’s journey towards greater prosperity,” Xavier Rolet,
chief executive of London Stock Exchange Group said in a statement.

“London Stock
Exchange Group’s MillenniumIT technology, now installed at the MSE, will create
new and exciting opportunities for the country’s leading companies and allow
them to raise capital, in Mongolia and overseas, with confidence.”

Mongolia went live
with MillenniumIT”s “Millennium Exchange” software on July 02, which the firm
says is the faster trading platform in the world.

The software which
also drives the London Stock Exchange is developed by Sri Lanka-based
MillenniumIT, a unit of the LSE.

Borsa Italiana and
Johann the Johannesburg Stock Exchange migrated to the software in the past
month.

“These migrations
serve to highlight Millennium Exchange’s extraordinary versatility,” Tony
Weeresinghe, chief executive of MillenniumIT and director of global development
at LSE group said.

“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.”

MillenniumIT
technology is now operating in over thirty securities exchanges across Europe,
Asia, Africa and the Americas.

http://www.lankabusinessonline.com