MillenniumIT, a leading technology solutions provider and part of London Stock Exchange Group announced today that the Botswana Stock Exchange (BSE) went live with its new automated trading system (ATS), Millennium Exchange™.
Millennium Exchange™ replaced BSE’s manual trading system that was based on the open outcry method. In addition, MillenniumIT’s central securities depository (CSD) system, which was running at BSE since 2008 has been upgraded alongside the implementation of the new ATS.
Tony Weeresinghe, CEO of MillenniumIT and Director of Global Development, London Stock Exchange Group said:
‘I am delighted that Botswana Stock Exchange is now live on MillenniumIT’s leading Automated Trading System. Millennium Exchange™ is a next generation trading platform that offers ultra-fast order processing capabilities, and together with the upgraded CSD system, will allow BSE to be more efficient, offer enhanced services and a better trading experience for its customers.’
Mr. Hiran Mendis, CEO of Botswana Stock Exchange said:
‘This is the first time an ATS has been introduced in Botswana and represents an important milestone in the modernisation of Botswana’s capital markets. We are confident that this system will create more liquidity and attract more investors to our rapidly growing economy.’
MillenniumIT is now live at over 30 customer sites and securities exchanges around the world.