LSEG Technology selected by ATOM to power the AAX digital asset exchange
– Millennium ExchangeTM matching engine technology to be used following launch of AAX exchange venue in H1 2019
– Selection demonstrates ability of LSEG Technology’s low-latency, resilient and scalable matching engine to support new markets and asset classes
– LSEG Technology delivers innovative financial services technology to over 40 capital markets organisations globally, including LSEG, HKEX, JSE and SGX
– Matching engine developed in Sri Lanka by LSEG Technology (formerly MillenniumIT)
LSEG Technology, London Stock Exchange Group’s technology solutions provider, today announces that Millennium ExchangeTM has been selected by ATOM Group (“ATOMTM”) for its new digital asset exchange venue AAX. Millennium Exchange’s low latency, resilient, and scalable matching engine provides market-leading performance and reliability.
AAX, expected to launch in H1 2019, will be the first digital asset exchange venue to use the Millennium Exchange matching engine. The implementation leverages the market leading technology, used across London Stock Exchange Group and other global client trading venues, as the basis for ATOM’s new digital asset exchange.
Peter Lin, CEO of ATOM Group said: “Trust is at the heart of ATOM’s philosophy and we are delighted to be working with LSEG Technology to deliver a core part of our new digital asset exchange. AAX will leverage LSEG’s Technology to deliver a world-class exchange that ensures safe, trusted and secure digital asset trading for all. The AAX exchange will allow investors to trade all major digital assets with greater levels of fairness, transparency, and performance.”
Ann Neidenbach, CIO, LSEG Technology said: “We are delighted to have been selected by ATOMTM to provide a best-in-class technology solution to help power its new exchange. It underlines Millennium Exchange’s reputation for performance, scalability, flexibility and reliability and we look forward to working with the AAX team ahead of the launch in H1 2019.”
ATOM Group 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 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.