- Oslo Børs extends partnership for further 5 years
- LSEG technology customer since 2009
- Operates Norwegian markets on LSEG hosted platforms
London Stock Exchange Group today announces that Oslo Børs has chosen to extend its existing technology partnership with the Group for a further 5 years, effective from April 2017. LSEG has provided the underlying technology for the Oslo Børs equity, fixed income and derivatives markets since 2009.
The Oslo equity and fixed income markets migrated to Millennium Exchange in 2012, running on the same technology as LSEG’s markets.
During the partnership the service has been extended to include the calculation of NIBOR and the introduction of the North Sea dark pool featuring Turquoise Uncross™, the innovation developed by Turquoise, implemented by MillenniumIT.
Mack Gill, CEO, MillenniumIT said:
“Having worked closely with Oslo Børs for a number of years, we are delighted they have maintained MillenniumIT as their technology partner of choice. Responding to the needs of our global customers, MillenniumIT is constantly innovating, providing high performance, agile and resilient capital market technology solutions.”
Bente Landsnes, CEO, Oslo Børs said:
“MillenniumIT and our technology partnership with LSEG has been beneficial for Oslo Børs, our customers and the market as a whole. The technology has proven to be both flexible and competitive and has improved our ability to serve our customers. Based on our excellent experience over the last 7 years, we have decided to extend our partnership with MillenniumIT and look forward to continuing to offer our customers flexible and robust capital markets technology, with innovation at its core.”
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For further information:
| Media | |
| Ed Clark | +44 (0)20 7797 1222newsroom@lseg.com |
Notes to editors:
About MillenniumIT
MillenniumIT is the power behind many of the world’s financial markets. MillenniumIT pre- to post-trade, multi-asset, ultra-low latency, agile technology infrastructure supports the trade lifecycle for more than 40 financial institutions and financial services firms around the world.
The MillenniumIT solution suite includes ultra-low latency trading platform Millennium Exchange™, the Millennium SOR™ smart order router; Millennium MarketData™, Millennium Surveillance™, and the integrated clearing, settlement and depository solution Millennium PostTrade™. Underpinning all of these solutions and providing the core integration layer is the Millennium Advanced Platform™ (MAP™).
Clients include Borsa Italiana, HKEx, Johannesburg Stock Exchange, London Metal Exchange, London Stock Exchange Group, Singapore Exchange, Toronto Stock Exchange, Tullett Prebon and Turquoise.
Founded in 1996 and head-quartered in Sri Lanka, MillenniumIT is a fully-owned subsidiary of London Stock Exchange Group. For more information, visit www.millenniumit.com.
About Oslo Børs:
Oslo Børs is the only regulated market for securities trading in Norway. Oslo Børs offers marketplaces for an extensive product portfolio that includes equities, derivatives and fixed income instruments. Oslo Børs is part of the Oslo Børs VPS group, which offers products and services for the entire securities value chain, ranging from marketplaces for listing and trade in securities, registration of ownership and settlement of securities in Norway, through to market data and on-line solutions. For further information, please visithttp://www.oslobors.no/
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe’s leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $10 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, and RNS.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH.Clearnet Group, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business; and globeSettle, the Group’s CSD based in Luxembourg.
LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 5, 500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com
