MillenniumIT, a provider of agile and resilient capital markets solutions and part of London Stock Exchange Group, today announced that Aequitas NEO Exchange has successfully gone live in Canada using MillenniumIT's integrated technology solution.
The complete project from contract execution to exchange go-live took less than twelve months, further enhancing MillenniumIT's reputation for innovation, versatility and reliability.
MillenniumIT's integrated technology solution includes a broad range of multi-asset products, on the foundation layer of its next generation integration platform (MAP™). MillenniumIT's trading platform (Millennium Exchange™), Smart Order Routing (Millennium SOR™), Millennium MarketData™ and Millennium Surveillance™ products were all selected for the Aequitas NEO solution.
Mack Gill, CEO, MillenniumIT, said: "The successful launch of this project is due to the mutual drive of both organisations to be at the cutting edge of innovation. The entire project was a tremendous effort from an agile and globally integrated team of Aequitas and MillenniumIT professionals. By leveraging the flexibility of the integrated Millennium platform, we've been able to support the launch of Aequitas NEO Exchange in record time, bringing true innovation to the Canadian marketplace."
Jos Schmitt, CEO, Aequitas NEO Exchange Inc., added: "The task we set back in March 2014 was enormous; we wanted to build an exchange of the future that challenges existing trading models and puts investors, companies raising capital and their dealers first. This could not have been possible without the exemplary partnership with MillenniumIT. The breadth of their innovative and highly adaptable products combined with the dedication of our two teams throughout the duration of the build, test and go-live have enabled us to bring our trailblazing exchange model to market very quickly. The highly flexible nature of MillenniumIT technology infrastructure means that we are confident in our ability to make ongoing enhancements to ensure the exchange technology develops and grows."