Tony Weeresinghe, former head of MilleniumIT, plans to resign from his position in the London Stock Exchange Group (LSE) at the end of June. We all know MilleniumIT – the Sri Lankan company that redefined the industry’s trading technology, not only building one of the most advanced trading engines, but also selling it to major stock exchanges worldwide. MilleniumIT was eventually acquired by the London Stock Exchange for $30 million, with Tony joining LSE’s executive board and becoming its representative in numerous events worldwide.
Now living in Boston, the 52-year-old Weerasinghe plans to spent time with his family and “pursue his next entrepreneurial venture,” according to a memo quoted by Bloomberg.
In the memo, LSE CEO Xavier Rolet expressed his regret at the departure, hailing the acquisition of MilleniumIT as “a transformational acquisition that allowed us to deliver cutting-edge, cost-effective technology solutions to our markets and partners around the world.” “Its systems are now live in over 30 capital markets around the world, ranging from major international markets to emerging and frontier markets. Tony has played a key role driving this growth,” and stating that Tony would remain as an advisor.
MilleniumIT’s trading systems, for the record, are now live in over 30 capital markets around the world.