- Agreement for equity, derivatives, FX trading and clearing technology.
- Low latency platform will offer international investors advanced technology access to India’s capital markets.
Millennium Information Technologies (MillenniumIT), a leading technology solutions provider and a member of the London Stock Exchange Group, announced that it has signed a contract with the Delhi Stock Exchange (‘DSE’) to provide the Indian Exchange with trading technology. The deal will see MillenniumIT provide solutions for equity, derivatives and FX trading as well as clearing technology.
Millennium Exchange is an ultra low latency, highly scalable trading platform offering low-cost solutions to exchange businesses around the world.
Tony Weeresinghe, CEO of MillenniumIT and Director of Global Development at London Stock Exchange Group said:
“We are delighted to have been chosen to provide trading and clearing technology solutions to the Delhi Stock Exchange. India is a dynamic and fast developing market and we look forward to working with the Delhi Stock Exchange to introduce a high-speed, low-cost trading solution to the Indian market.”
A timetable for implementation will be announced in due course.