20 October 2017
visit www.atos.net

Singapore Exchange goes live with Millennium PostTrade

24 February 2016  |  1540 views  |  0 Source: MillenniumIT

MillenniumIT, London Stock Exchange Group’s proprietary technology business, today announces that it has successfully implemented its Millennium PostTrade platform to support SGX’s Central Depository Pte. Limited’s (CDP) business.

Millennium PostTrade™, a highly integrated, real time clearing, settlement and depository platform will initially enhance SGX’s securities clearing and connectivity capabilities and provide a solid technology platform to replace CDP’s settlement and depository systems. With the clearing system and the Application Programming Interface (API) now live, SGX will work with their broker dealers and participants to migrate away from SGX’s proprietary broker back office system. Millennium PostTrade will enable CDP to adopt global market practices, real time straight-through-processing and industry messaging standards (including FIXML and ISO20022) to deliver improved functionality, performance, flexibility and scalability. Millennium PostTrade is fully SWIFT compliant and builds on the real time clearing platform that MillenniumIT first introduced in Europe in 2013.

Mack Gill, CEO, MillenniumIT said:
"We are delighted that SGX has gone live with Millennium PostTrade and we look forward to continuing our close working relationship to further deliver leading edge technology and improved functionally to support the on-going transformation of SGX’s clearing, settlement and depository business. We are committed to leveraging new technology to drive a new real-time clearing paradigm across the global post trade industry."

Nico Torchetti, SVP & Head of Market Services, Singapore Exchange said:
"With this implementation, our brokers’ back-office systems have been enhanced from indirect to direct communication with SGX for all post-trade processing. The ongoing transformation of SGX’s post trade environment will increasingly enable us to deliver greater levels of standardisation and efficiencies for our customers."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8414 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8246 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7392 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6778 views comments | 10 tweets | 21 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6434 views comments | 14 tweets | 23 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job