Millennium IT, the provider of ultra-low latency, flexible and scalable capital markets solutions, and part of London Stock Exchange Group, announced that Bolsa de Valores de Lima (BVL), the Peruvian stock exchange, has gone live with the Millennium IT technology solution.
The BVL exchange has replaced its legacy trading technology infrastructure with the multi-asset trading platform Millennium Exchange and Smart Order Router (Millennium SOR) for equities and fixed income trading and connectivity throughout the MILA (Mercado Integrado Latino Americano) region. Both products are underpinned by Millennium Advanced Platform (MAP), a next generation integration solution that supports the exchange’s entire trading operation and ensures it meets the market’s evolving regulatory requirements.
The complete Millennium IT solution has been adapted to meet the unique connectivity and language requirements of the market in Peru as well as the extended MILA region of Mexico, Chile and Colombia, and includes a fully integrated Trader Workstation in Spanish. The deployment also represents the first live implementation for Millennium IT in South America.
Speaking on this milestone, Millennium IT CEO Mack Gill said: “Going live with our Millennium IT solution at the Bolsa de Valores de Lima in Peru represents a significant milestone for our organization and is an important step toward creating new business and investment opportunities in this market. Every financial institution and its requirements are unique, and our Millennium IT technology is designed to meet those needs in a timely and efficient way. By tailoring our solution to the local requirements of the BVL exchange, we have been able to support their entire trading operation and ensure it is fully equipped to meet the future challenges of international growth. Our technology will also enable the exchange to connect to additional markets in the MILA region. We look forward to playing our part in the next stage of the BVL’s development.”
Francis Stenning, CEO of Bolsa de Valores de Lima, commented: “Upgrading our existing platform beyond the technological breakthrough will allow us to offer more efficient services to the capital markets. With this new platform from MillenniumIT, supported by London Stock Exchange Group, the benefits of globalization will take advantage; achieving a faster interconnection with the markets in our region that began with MILA. We have combined our great global knowledge of the capital markets with real flexibility to provide a solution that is uniquely suited to our local needs.”
The successful implementation of this project marks yet another global win for Millennium IT, further strengthening its position as the global flag-bearer of Sri Lanka’s technology industry.