MillenniumIT, the provider of ultra-low latency, flexible and scalable capital markets solutions, and part of London Stock Exchange Group, today announced that Bolsa de Valores de Lima (BVL), the Peruvian stock exchange, has gone live with a MillenniumIT trading technology solution.
BVL exchange has replaced its legacy trading technology infrastructure with the multi-asset trading platform Millennium Exchange™ and Smart Order Router (Millennium SOR™) for equities and fixed income trading and connectivity throughout the MILA (Mercado Integrado Latino Americano) region. Both products are underpinned by Millennium Advanced Platform (MAP™), a next generation integration solution that supports the exchange’s entire trading operation and ensures it meets the market’s evolving regulatory requirements.
The complete MillenniumIT solution has been adapted to meet the unique connectivity and language requirements of the market in Peru as well as the extended MILA region of Mexico, Chile and Colombia, and includes a fully integrated Trader Workstation in Spanish. The deployment represents the first live implementation for MillenniumIT in Latin America.
Mack Gill, CEO of MillenniumIT, said: “Going live with our MillenniumIT solution at Bolsa de Valores de Lima in Peru represents a significant milestone for our organisation and is an important step toward creating new business and investment opportunities in this market. Every financial institution has unique requirements, and our technology is designed to meet those needs in a timely and efficient way. By tailoring our solution to the local requirements of BVL, we have been able to support their entire trading operation and ensure it is fully equipped to meet the future challenges of international growth. Our technology will also enable the exchange to connect to additional markets in the MILA region. We look forward to playing our part in the next stage of BVL’s development.”
Francis Stenning, CEO of Bolsa de Valores de Lima, commented: "Upgrading our existing platform with next generation technology will allow us to offer more efficient services to the capital markets. With this new platform from MillenniumIT, supported by London Stock Exchange Group, the benefits of globalisation will take advantage; achieving a faster interconnection with the markets in our region, beginning with MILA. We have combined our great global knowledge of the capital markets with real flexibility to provide a solution that is uniquely suited to our local needs.”
Christian Laub, President of Bolsa de Valores de Lima, added: "We are ready to interconnect with other markets in an easier way. With the implementation of this new platform, we aim to position the BVL as a representative institution of economic development, preparing Peru to turn into the gateway of capital and financial hub of the Andean region. In the short term, the use of this new platform will allow us to perform nationwide operations and keep up with other world markets.”