Capital markets technology provider Millennium Information Technologies announced yesterday that the latest release of Millennium Exchange, its multi-product trading platform, has been measured in performance tests to have latency less than 1 millisecond.
Millennium Exchange can handle sustained volumes of over 100,000 orders per second, according to the firm. “Millennium Exchange benefits from over a decade of continuous technological innovation, coupled with our experience of powering some of the largest marketplaces in the world,” says Tony Weeresinghe, CEO, MillenniumIT.
“The upheaval we are seeing today in the exchange industry, both in terms of the surge in transaction speeds and volumes as well as the advent of regulations such as Regulation NMS and MiFID, has shown how crucial it is to have the right technology,” he continues.
MillenniumIT’s patented technlogy provides the capability to add new products and trading methodologies to the Millennium Exchange platform without any change to code, according to the firm. Trading and market data access is provided through established protocols including FIX and FAST. The platform operates on LINUX and Solaris.