Oslo Bourse extend LSE tech deal for a further five years

Source: London Stock Exchange

London Stock Exchange Group today announces that Oslo Børs has chosen to extend its existing technology partnership with the Group for a further 5 years, effective from April 2017.

LSEG has provided the underlying technology for the Oslo Børs equity, fixed income and derivatives markets since 2009.

The Oslo equity and fixed income markets migrated to Millennium Exchange in 2012, running on the same technology as LSEG’s markets.

During the partnership the service has been extended to include the calculation of NIBOR and the introduction of the North Sea dark pool featuring Turquoise Uncross™, the innovation developed by Turquoise, implemented by MillenniumIT.

Mack Gill, CEO, MillenniumIT said:
“Having worked closely with Oslo Børs for a number of years, we are delighted they have maintained MillenniumIT as their technology partner of choice. Responding to the needs of our global customers, MillenniumIT is constantly innovating, providing high performance, agile and resilient capital market technology solutions.”

Bente Landsnes, CEO, Oslo Børs said:
“MillenniumIT and our technology partnership with LSEG has been beneficial for Oslo Børs, our customers and the market as a whole. The technology has proven to be both flexible and competitive and has improved our ability to serve our customers. Based on our excellent experience over the last 7 years, we have decided to extend our partnership with MillenniumIT and look forward to continuing to offer our customers flexible and robust capital markets technology, with innovation at its core.”

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