MillenniumIT Provides Real-time Post Trade to LCH
- Over 40 trading venues globally use MillenniumIT trading, surveillance and post trade technology.
LCH.Clearnet, a leading multi-asset class clearing house, on Thursday finalized a deal with the MillenniumIT, the financial software and technology services arm of London Stock Exchange Group, to supply a real-time clearing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term platform for all asset classes.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
Millennium PostTradeTM is promising a paradigm shift for the clearing industry as it offers real-time cross-asset portfolio risk management, based on a single, multi-asset, multi-function platform. The product is the first to enable a central clearing counterparty to have real time risk processing and risk management.
In addition, Millennium PostTradeTM platform offers improved operational resilience and lower costs, which allows post trade clients to respond to changing market needs more quickly and cost effectively.
In its eight years of ownership, the London Stock Exchange Group has mainly sold Millennium to exchanges around the world as a trading system. MillenniumIT caters to more than 40 trading venues globally, including the LSE, Borsa Italiana, Oslo Børs,Turquoise, the London Metal Exchange (LME), and the Johannesburg Stock Exchange (JSE), including others. The firm’s Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term today supports over a third of European equity flow and is now live at 15 emerging and frontier exchange operators around the world. Last February it also agreed to supply the technology to the Singapore Exchange’s (SGX) Central Depository Pte. Limited’s (CDP) operations.
Mack Gill, CEO of MillenniumIT, commented: “We are excited to bring our Millennium Post Trade product, which applies our well tested real-time, resilient trade lifecycle infrastructure to post trade clearing house, such as LCH, a leading global clearing house. Bringing the power of GPU’s and real-time fault tolerant software to modernise clearing house infrastructure is a natural extension of our recent successful launch of London Stock Exchange Group’s Group Ticker Plant (GTP) powered by FPGA technology.”
Suneel Bakhshi, Group CEO, LCH, added in an accompanying statement: “We are looking forward to the outstanding performance, flexibility, and resiliency that the Millennium solution will bring to LCH. We are excited by the performance advantage of a GPU-based platform and the new opportunities it promises. The Millennium platform will also allow us to continue to develop and enhance world-class Clearing solutions for our customers.”
LCH.Clearnet, a leading multi-asset class clearing house, on Thursday finalized a deal with the MillenniumIT, the financial software and technology services arm of London Stock Exchange Group, to supply a real-time clearing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term platform for all asset classes.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
Millennium PostTradeTM is promising a paradigm shift for the clearing industry as it offers real-time cross-asset portfolio risk management, based on a single, multi-asset, multi-function platform. The product is the first to enable a central clearing counterparty to have real time risk processing and risk management.
In addition, Millennium PostTradeTM platform offers improved operational resilience and lower costs, which allows post trade clients to respond to changing market needs more quickly and cost effectively.
In its eight years of ownership, the London Stock Exchange Group has mainly sold Millennium to exchanges around the world as a trading system. MillenniumIT caters to more than 40 trading venues globally, including the LSE, Borsa Italiana, Oslo Børs,Turquoise, the London Metal Exchange (LME), and the Johannesburg Stock Exchange (JSE), including others. The firm’s Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term today supports over a third of European equity flow and is now live at 15 emerging and frontier exchange operators around the world. Last February it also agreed to supply the technology to the Singapore Exchange’s (SGX) Central Depository Pte. Limited’s (CDP) operations.
Mack Gill, CEO of MillenniumIT, commented: “We are excited to bring our Millennium Post Trade product, which applies our well tested real-time, resilient trade lifecycle infrastructure to post trade clearing house, such as LCH, a leading global clearing house. Bringing the power of GPU’s and real-time fault tolerant software to modernise clearing house infrastructure is a natural extension of our recent successful launch of London Stock Exchange Group’s Group Ticker Plant (GTP) powered by FPGA technology.”
Suneel Bakhshi, Group CEO, LCH, added in an accompanying statement: “We are looking forward to the outstanding performance, flexibility, and resiliency that the Millennium solution will bring to LCH. We are excited by the performance advantage of a GPU-based platform and the new opportunities it promises. The Millennium platform will also allow us to continue to develop and enhance world-class Clearing solutions for our customers.”