26 September 2017
visit www.ncr.com

MillenniumIT showcases real-time post trade technology capability

22 September 2016  |  2536 views  |  0 Source: London Stock Exchange

Millennium PostTradeTM is underpinned by Millennium Advanced Platform (MAPTM) which provides ultra-high availability and low latency processing to all MillenniumIT’s customers and features an innovative GPU-powered risk management capability.

MAPTM is a world leading resilient capital market infrastructure platform and today supports over a third of European equity flow and over forty markets and trading venues around the world.

Millennium PostTradeTM will provide LCH and other Post Trade clients with a highly-optimised, ‘zero-touch’ real-time framework, able to support all asset classes. The product leverages GPU technology, providing the ability to run multi-dimensional risk algorithms, supplemented by risk add-ons to cover concentration, idiosyncratic and liquidity risk. Real-time capabilities will be extended to stress testing, back testing and member-driven “what if” scenarios, providing a comprehensive and flexible real-time enterprise-wide risk management framework. Millennium PostTradeTM delivers a step-change speed improvement compared to traditional software-based implementations. Through parallelisation of real-time and batch capability, the platform seamlessly supports existing and future work-flows.

Mack Gill, CEO of MillenniumIT said:
“We are excited to bring our Millennium PostTrade product, which applies our well tested real-time, resilient trade lifecycle infrastructure to post trade clearing houses, such as LCH, a leading global clearing house. Bringing the power of GPU’s and real-time fault tolerant software to modernise clearing house infrastructure is a natural extension of our recent successful launch of London Stock Exchange Group’s Group Ticker Plant (GTP) powered by FPGA technology.”

Suneel Bakhshi, Group CEO, LCH said:
“We are looking forward to the outstanding performance, flexibility, and resiliency that the Millennium solution will bring to LCH. We are excited by the performance advantage of a GPU-based platform and the new opportunities it promises. The Millennium platform will also allow us to continue to develop and enhance world-class clearing solutions for our customers.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

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

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
12295 views comments | 16 tweets | 30 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8871 views comments | 34 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
7592 views 2 | 10 tweets | 1 linkedin
German central bank flags DLT weaknessesGerman central bank flags DLT weaknesses
7330 views comments | 17 tweets | 19 linkedin

Featured job

circa £250K total package
London

Find your next job