Oslo Børs Adopts LSE's Millennium Exchange
The London Stock Exchange Group (LSE) has announced that Oslo Børs, the Norwegian exchange operator, will be using its Millennium Exchange platform for equities and fixed-income trading.
Oslo Børs cites low latency as the primary reason for the operator's selection of the platform, with Anders Brodin, deputy CEO and head of market places saying: "Oslo Børs has decided to use the London Stock Exchange's Millennium Exchange as it is one of the world's fastest trading systems. Latency has become an ever more important factor for market participants, and the implementation of Millennium Exchange will strengthen the competitive position of Oslo Børs."
LSE and Oslo Børs entered into a strategic partnership in March 2009, with the latter using LSE technology since 2010 as part of their cooperation across equities, fixed income and derivatives markets.
A timetable for the migration of trading has yet to be announced.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Jump Trading CIO: 24x7 trading ‘inevitable’
Execs from Jump, JP Morgan, Goldman Sachs, and the DTCC said that round-the-clock trading—whether five or seven days a week—is the future, but tech and data hurdles still exist.
Exclusive: Terry Duffy on CME’s cloud future, takeover targets, and ... candy
CME CEO Terry Duffy explains the relatively narrow strategy that the derivatives exchange has taken under his leadership, especially compared to its peers.
Big Tech and capacity issues, Bridgewater’s CEO on AI, the UK’s Pisces platform, and more
The Waters Cooler: AI and cloud—shockingly—were major talking points this week…as they were the weeks before, and likely the weeks to come.
Orchestrade resists SaaS model in favor of customer flexibility
Firms like Orchestrade are minimizing funds and banks’ risks with different approaches to risk management.
Pisces season: Platform providers feed UK plan for private stock market
Several companies in the US and the UK are considering participating in a UK program to build a private stock market composed of separate trading platforms.
Hyperscalers to take hits as AI demand overpowers datacenter capacity
The IMD Wrap: Max asks, who’s really raising your datacenter costs? And how can you reduce them?
New FPGA component aims to curb co-lo costs
Hardware ticker plant provider Exegy is working on a new FPGA solution that it says will free up costly processing power on firms’ existing co-lo servers.
Market data woes, new and improved partnerships, acquisitions, and more
The Waters Cooler: BNY and OpenAI hold hands, FactSet partners with Interop.io, and trading technology gets more complicated in this week’s news round-up.
