MillenniumIT showcases real-time post trade technology capability
22 September 2016 | 2626 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.”