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Singapore Exchange goes live with Millennium PostTrade

2 March 2016 12:00 pm - 0     - {{hitsCtrl.values.hits}}

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MillenniumIT, London Stock Exchange Group’s proprietary technology business, recently announced that it had successfully implemented its Millennium PostTrade platform to support SGX’s Central Depository Pte. Limited’s (CDP) business. 


Millennium PostTrade, a highly integrated, real-time clearing, settlement and depository platform, will initially enhance SGX’s securities clearing and connectivity capabilities and provide a solid technology platform to replace CDP’s settlement and depository systems. With the clearing system and the Application Programming Interface (API) now live, SGX will work with their broker dealers and participants to migrate away from SGX’s proprietary broker back office system.   Millennium PostTrade will enable CDP to adopt global market practices, real-time straight-through-processing and industry messaging standards (including FIXML and ISO20022) to deliver improved functionality, performance, flexibility and scalability. Millennium PostTrade is fully SWIFT compliant and builds on the real-time clearing platform that MillenniumIT first introduced in Europe in 2013. 


MillenniumIT CEO Mack Gill said, “We are delighted that SGX has gone live with Millennium PostTrade and we look forward to continuing our close working relationship to further deliver leading edge technology and improved functionally to support the on-going transformation of SGX’s clearing, settlement and depository business. We are committed to leveraging new technology to drive a new real-time clearing paradigm across the global post trade industry.”


Singapore Exchange SVP & Head of Market Services Nico Torchetti said, “With this implementation, our brokers’ back-office systems have been enhanced from indirect to direct communication with SGX for all post-trade processing.  The on-going transformation of SGX’s post trade environment will increasingly enable us to deliver greater levels of standardisation and efficiencies for our customers.” 

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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


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