New Canadian Exchange Selects MIlleniumIT Technology

Canada’s new stock exchange, Aequitas, has selected MilleniumIT to provide a suite of capital markets technology products.

MilleniumIT has developed a tailored, integrated solution for Aequitas, with products such as trading platform Millenium Exchange, smart oder router Millenium SOR and multi-market data dissemination product Millenium MarketData.

“Aequitas conducted a robust RFP process where we measured the ability of technology providers to deliver a series of technology and operational requirements,” says Karl Ottywill, chief operating officer, Aequitas. “MillenniumIT rose to the top as the clear leader in its field. With solid expertise, MillenniumIT has quickly proven its technology is adaptable to meet our needs and enable Aequitas to go to market with real innovation.”

Aequitas aims to improve fairness and efficiency in the Canadian capital market, with a particular focus on traditional investors and issuers. The exchange was founded by a mix of Canadian corporations including professional money managers, pension fund managers, institutional and retail brokers and Canadian issuers.

“At Aequitas, we are building an exchange of the future using a bold blueprint that puts issuers and long-term investors first,” says Jos Schmitt, CEO, Aequitas. “As we partner with MillenniumIT we will combine their leading technology and presence in Canada with our innovative and patented solutions. This tailored technology design will allow us to successfully deliver on our mandate to re-establish more fairness in the markets, strengthen the capital formation process and introduce innovation and meaningful competition in the marketplace landscape.”

MillenniumIT technology now powers over 40 exchanges, depositories, brokerages and regulatory bodies across the world, including the London Stock Exchange, Borsa Italiana, ICAP and Johannesburg Stock Exchange.