MillenniumIT showcases real-time post trade technology capability

  • Millennium PostTradeTM is a real-time CCP clearing, settlement and risk platform, designed to enable harmonisation and operational savings across business lines
  • Enables real-time cross-asset portfolio risk management, while improving operational resilience and reducing running costs
  • Modern integrated IT framework will boost business agility and reduce time to market, supporting current and future work-flows
  • Includes innovative use of graphics processing unit (GPU) technology to provide real-time risk management

MillenniumIT is developing its high performance, clearing and risk management technology for LCH. Millennium PostTradeTM enables real-time cross-asset portfolio risk management, based on a single, multi-asset, multi-function platform. The MillenniumIT platform offers improved operational resilience and reduced running costs, providing customers with the agility needed to respond to changing market needs more quickly and cost effectively.

Millennium PostTradeTM is underpinned by Millennium Advanced Platform (MAPTM) which provides ultra-high availability and low latency processing to all MillenniumIT’s customers and features an innovative GPU-powered risk management capability.  MAPTM is a world leading resilient capital market infrastructure platform and today supports over a third of European equity flow and over forty markets and trading venues around the world.

Millennium PostTradeTM will provide LCH and other Post Trade clients with a highly-optimised, ‘zero-touch’ real-time framework, able to support all asset classes.  The product leverages GPU technology, providing the ability to run multi-dimensional risk algorithms, supplemented by risk add-ons to cover concentration, idiosyncratic and liquidity risk.  Real-time capabilities will be extended to stress testing, back testing and member-driven “what if” scenarios, providing a comprehensive and flexible real-time enterprise-wide risk management framework. Millennium PostTradeTM delivers a step-change speed improvement compared to traditional software-based implementations. Through parallelisation of real-time and batch capability, the platform seamlessly supports existing and future work-flows.

Mack Gill, CEO of MillenniumIT said:

“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 said:

“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.”