MillenniumIT CEO Mack Gill ranked on globally acclaimed ‘Trading Technology 40’ list

MillenniumIT, a leader in Financial Software and Technology Services is pleased to announce that its CEO Mack Gill has been selected to Institutional Investor magazine’s ‘Trading Technology 40’ list for the third consecutive year. Gill was ranked 18th in this year’s list; up from 24th place in 2015.

The ‘Trading Technology 40’ is an annual global ranking of the industry’s most influential innovators and leaders, and is compiled by Institutional Investor’s editors with input from industry experts. The rankings are based on multiple leadership criteria including career accomplishments, contributions to individual companies, pure technological innovation, and contribution to the industry at large. 

Trading is a core component of the financial world and technology is the force that drives it. And while the trading process itself is fairly simple, managing technology to ensure optimal capacity and reliability, while keeping on par with the latest technological advances in a highly competitive industry remains a challenge. 

Gill said: “It is indeed an honour to be recognised amongst this distinguished list of innovative visionaries.”

According to Gill, Millennium’s post trade technology in particular is gaining new ground with its “microsecond-level ability to process trades and manage portfolio risk through a clearing environment”.

Looking at the long-term he went on to say that he’s “very bullish on the potential for smart contracts to be the killer app of the blockchain world. They will transform many aspects of how we operate our markets, especially in the post trade space.”

With Mack at the helm, MillenniumIT has made significant strides in introducing new technology and penetrating new markets. MillenniumIT’s multi-asset trading platform and smart order router went live last year at the Peruvian stock exchange, Bolsa de Valores de Lima. 

A similar upgrade is set to go live at Argentina’s Caja de Valores later this year. In February this year, Millennium PostTrade (Millennium’s highly integrated, real-time clearing, settlement and depository platform) was successfully implemented at the Singapore Exchange (SGX) to replace their current clearing systems and proprietary broker back office system.