December 2, 2013

Singapore Stock Exchange Adopts MillenniumIT's Post-Trade Solution

By By Phil Albinus

The Singapore Stock Ex-change (SGX) has implemented Millennium PostTrade, the new multi-asset clearing, settlement and risk technology platform from the London Stock Exchange's IT division.

The LSE says the rollout of Millennium PostTrade will allow SGX to offer its clients real-time post-trade services on a single platform. More important, it operates across asset class.

"This represents a significant partnership for us and the first contract win for the full Millennium PostTrade solution," said Mack Gill, CEO of MillenniumIT.

Magnus Bocker, CEO of SGX, said the platform will strengthen the exchange's Asian Gateway offering. "We look to London Stock Exchange Group for its support as we introduce this new technology to our market, the first implementation of such scale for Millennium PostTrade," Bocker said in a press statement.

"MillenniumIT has shown again that its highly scalable, low-latency platform appeals to capital markets providers globally. SGX is one of the world's leading exchanges and joins more than 30 organizations around the world now being powered by MillenniumIT's technology," said Xavier Rolet, CEO of LSEG.

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