MilleniumIT, the Malabe-based stock exchange specialists, announced recently that the Aequitas NEO Exchange in Cananda has completed the switch to MilleniumIT’s solutions. The switch to live followed an implementation period of under a year. Aequitas is a fairly new stock exchange to Canada, and its focus on high-frequency trading was something of a disruption when it launched.
“The task we set back in March 2014 was enormous,” stated Jos Schmitt, CEO of the Aequitas NEO Exchange. “We wanted to build an exchange of the future that challenges existing trading models and puts investors, companies raising capital and their dealers first. This could not have been possible without the exemplary partnership with MillenniumIT. The breadth of their innovative and highly adaptable products combined with the dedication of our two teams throughout the duration of the build, test and go-live have enabled us to bring our trailblazing exchange model to market very quickly. The highly flexible nature of MillenniumIT technology infrastructure means that we are confident in our ability to make ongoing enhancements to ensure the exchange technology develops and grows.”
That’s another notch on MillenniumIT’s belt – the company now supports the trade lifecycle for more than 40 financial institutions and financial services firms around the world, including Borsa Italiana, HKEx, Johannesburg Stock Exchange, London Metal Exchange, London Stock Exchange Group, Singapore Exchange, Toronto Stock Exchange, Tullett Prebon and Turquoise.