This press release was originally published by LSEG Technology.
- AAX launches as the first digital asset exchange using Millennium Exchange™ matching engine technology
- Marks the first deployment of Millennium Exchange™ in the cloud
- Demonstrates ability of LSEG Technology’s low-latency, resilient and scalable matching engine to support new markets and asset classes
LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium Exchange™ has successfully been deployed as part of the go-live of the AAX digital asset exchange. Millennium Exchange’s low latency, resilient, and scalable matching engine provides market-leading performance and reliability.
The deployment marks the first time Millennium Exchange™ has been deployed in a cloud-based environment, providing low latency, resilience and scalability for AAX’s 24-hour trading platform. The implementation leverages the market leading technology, used across London Stock Exchange Group and other global client trading venues, as the basis for AAX’s platform. The deployment extends Millennium Exchange’s asset class coverage to crypto currency pairs and futures on crypto currency.
Ann Neidenbach, CIO, LSEG Technology said:
“LSEG Technology is delighted to have successfully deployed our world class Millennium Exchange matching engine at AAX. This is the first time Millennium Exchange has been deployed in the cloud, bringing its performance, scalability, reliability and seamless direct market access to AAX. This demonstrates the opportunities for our technology outside traditional market places and in the cloud. It has been a pleasure working with AAX on this initiative and meeting the technical challenges of a 24/7 operating environment.”
Thor Chan, CEO and Co-Founder of AAX said:
“LSEG Technology’s Millennium Exchange matching engine provides the performance and reliability to power AAX’s 24-hour trading platform all in a cloud-based environment. AAX is setting the standard for the next generation of cryptocurrency exchanges, offering much higher levels of trust, integrity, performance and security than has previously been available to retail and institutional investors.”
AAX is a global fintech company based in Hong Kong with a focus on blockchain technologies and emerging digital assets.
LSEG Technology delivers robust, scalable, high-performance technology including broker, exchange, market data, risk and collateral management, surveillance, clearing and settlement products to customers around the world. LSEG Technology’s market-leading trading and post-trade products, empowered with key patented technology, helps improve operational efficiencies for over 40 financial market infrastructure and financial services firms, which include London Stock Exchange, HKEX, Johannesburg Stock Exchange, Singapore Exchange, TP-ICAP and other markets worldwide.
About London Stock Exchange Group
London Stock Exchange Group (LSEG) is a global financial markets infrastructure business. Its diversified global business focuses on Information Services, Risk and Balance Sheet Management and Capital Formation. The Group supports global financial stability and sustainable economic growth by enabling businesses and economies to fund innovation, manage risk and create jobs. The Group can trace its history back to 1698.
In Capital Markets, the Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (a European fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, unrivalled access to Europe’s capital markets.
In Information Services, through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with c. $15 trillion assets benchmarked. The Group also provides customers with an extensive range of data services, research and analytics through The Yield Book, Mergent, SEDOL, UnaVista, XTF 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, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house and Monte Titoli, a leading European custody and settlement business.
LSEG Technology develops and operates high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets.
LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com. The Group’s ticker symbol is LSE.L