Another Feather

June 4, 2014 (LBO) - Sri Lanka based MillenniumIT, a unit of London Stock Exchange said its products have been selected by Aequitas Innovations in Canada which is building a new securities exchange. "This is a significant win for us our suite of capital markets technology has been chosen to launch this new exchange, which is set to bring increased competition to the Canadian capital market," Mack Gill, CEO, MillenniumIT said in a statement.

"It is a strong validation of our products’ reputation for innovation, versatility and reliability."

The company said its Millennium Exchange, Millennium SOR and Millennium MarketData will be used by Aequitas.

The new exchange is promoted by a group of investment houses and funds.

"At Aequitas, we are building an exchange of the future using a bold blueprint that puts issuers and long-term investors first," Jos Schmitt, CEO, Aequitas said.

"As we partner with MillenniumIT we will combine their leading technology and presence in Canada with our innovative and patented solutions.

"This tailored technology design will allow us to successfully deliver on our mandate to re-establish more fairness in the markets, strengthen the cap