Expanding Platform

Nov 11, 2011 (LBO) - Sri Lanka founded MilleniumIT, now a part of the London Stock Exchange group said it will provide securities trading and clearing technology to the Delhi stock exchange. The agreement covers technology for equity, derivatives, FX trading and clearing technology.

The platform will offer "international investors advanced technology access to India’s capital markets," the firm said.

"We are delighted to have been chosen to provide trading and clearing technology solutions to the Delhi Stock Exchange," Tony Weeresinghe, chief executive of MillenniumIT and head of global development at London Stock Exchange group said in a statement.

"India is a dynamic and fast developing market and we look forward to working with the Delhi Stock Exchange to introduce a high-speed, low-cost trading solution to the Indian market."

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