Jan 18, 2013 (LBO) – MilleniumIT, a Sri Lanka based unit of the London Stock Exchange group has struck a deal to provide trading and order routing technology to Peru’s Lima Stock Exchange. Peru will get Millennium Exchange softer and Millennium SOR smart order routing technology.
“We are very conscious of the relevance of technology in our business,” Francis Stenning, chief executive at Bolsa de Valores de Lima, said.
“That is why we believe this upgrade in our electronic trading platform and order routing system will take us to the forefront of technology.
“It will allow Bolsa de Valores de Lima to keep up with the growing Peruvian economy, provide new services to the local market and increase its efficiency.”
“This is a significant achievement for us,” Tony Weeresinghe, director global development at London Stock Exchange group and chief executive of MillenniumIT, said in a statement.
“Peru is one of Latin America’s fastest growing economies, and there is need for efficient, reliable capital markets infrastructure as business and investment continues to develop there.
“We look forward to building on this partnership, and playing our part in the next sta