Nov 07, 2013 (LBO) – Sri Lanka based MillenniumIT, a unit of London Stock Exchange has won a deal to provide post trade processing and depository services to the Singapore Exchange. “We are delighted to have been selected by SGX to power its global post trade operations for multi-currency, multi-asset class solutions for SGX members,” Mack Gill, chief executive officer of MillenniumIT said in a statement.
“Not only is SGX South East Asia’s largest bourse but it is also the region’s most international exchange.
SGX will install Millennium PostTradeTM, MillenniumIT’s scalable, multi-asset clearing, settlement, risk and central depository solution for SingaporeŸs securities market.
“SGX is once again bringing next-generation services and technology to its securities market as we continue to strengthen our Asian Gateway proposition,” Magnus Bocker, chief executive of Singapore Exchange said.
“Our customers can expect improved access, efficiency and flexibility in the types of products and services we will offer once the system is in place.