MillenniumIT says that Casablanca Stock Exchange (CSE) has successfully gone live with Millennium Exchange for equities and fixed income trading and Millennium Surveillance to monitor trading and detect unusual behaviour.
Out of more than 40 trading venues globally, MillenniumIT technology is now live at 15 emerging and frontier exchange operators around the world including the Johannesburg Stock Exchange, Nairobi Stock Exchange, Egyptian Stock Exchange, and Bolsa De Valores Lima.
Mack Gill, chief executive of MillenniumIT said: “The Moroccan market has unique requirements but the implementation of MillenniumIT’s flexible technology means CSE can adapt to the local market’s needs in a cost-efficient manner.”
Karim Hajji, CEO of Casablanca Stock Exchange, said: “This platform offers our market state of the art technology with the best international standards, and will allow us to better answer the financing needs and hedging of market risks, while supporting the development of the Casablanca Financial Market and its regional influence.”
MillenniumIT is wholly owned by London Stock Exchange Group.