Borsa Italiana’s cash markets go live on MITs Millennium Exchange

Tuesday, 26 June 2012 01:44 - - {{hitsCtrl.values.hits}}

London Stock Exchange Group said yesterday that Borsa Italiana’s cash markets have migrated to the ultra low-latency trading platform, Millennium Exchange.

The Millennium Exchange offers new order types, broadening trading and investment opportunities for market operators.

The move follows the successful migration of London Stock Exchange’s cash markets, Order Book for Retail Bond Market and the Turquoise MTF platform. Millennium Exchange is a highly scalable, multi-asset class trading platform, offering the LSE Group’s customers superior technical performance, ultra low-latency and enhanced functionality and flexibility.

Borsa Italiana has also updated the configuration of its servers in Milan, bringing the hardware closer to its markets to ensure better efficiency and coverage.

Raffaele Jerusalmi, CEO of Borsa Italiana said: “The migration of Borsa Italiana’s cash markets to the Millennium Exchange represents an important step for Borsa Italiana and its customers. As we have seen with previous migrations across the LSE Group, the platform provides exceptional levels of performance, functionality, and capacity.”

London Stock Exchange Groupsits at the heart of the world’s financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe’s leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe’s capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.