AAX, the first digital resource employing the Millennium exchange technology of the machine engine, is now up and running. According to AAX review, it is the very first deployment of the ExchangeTM over the cloud.
The release perfectly manifests the potential of LSEG Technology with lower latencies, resilience, and scalability that matches the engine in supporting modern markets as well as the asset classes.
LSEG Technology is basically the technology services provider of the London Stock Exchange. It publicized the successful deployment of Millennium as a motive that entails a larger plan regarding the onboarding of the digital exchange, AAX.
Advertisement
The deployment signifies the very first employment of Millennium ExchangeTM over a cloud-oriented ecosystem that offers low latency, is resilient, and scalable in the 24-hour trading portal of AAX. The enactment makes use of the prominent market technology that is widely used throughout the London Stock Exchange as well as some other client trading outlets globally as a foundation for the AAX platform. The deployment expands Millennium Exchange’s resource class range to virtual currency pairs and also bets on the upcoming advances in the cryptocurrency arena.
Ann Neidenbach, CIO, LSEG Technology said:
LSEG Technology is delighted to have successfully deployed our world class Millennium Exchange matching engine at AAX. This is the first time Millennium Exchange has been deployed in the cloud, bringing its performance, scalability, reliability and seamless direct market access to AAX. This demonstrates the opportunities for our technology outside traditional marketplaces and in the cloud. It has been a pleasure working with AAX on this initiative and meeting the technical challenges of a 24/7 operating environment.
Thor Chan, CEO, and Co-Founder of AAX said:
LSEG Technology’s Millennium Exchange matching engine provides the performance and reliability to power AAX’s 24-hour trading platform all in a cloud-based environment. AAX is setting the standard for the next generation of cryptocurrency exchanges, offering much higher levels of trust, integrity, performance and security than has previously been available to retail and institutional investors.
AAX is actually is a constituent of the decentralized blockchain solutions provider, Atom International Technology Limited. AITL uses the cutting edge digital resources to provide trading opportunities through a gamut of virtual currencies. Based out in Malta with its technology operations functioning in London and Hong Kong, AAX is touted to become the powerhouse of all crypto exchanges soon.
Advertisement
On the other hand, LSEG Technology provides robust, scalable, and high-end technologies that include broker, market data, exchange risk, collateral management, clearing, surveillance, as well as some settlement products for its global consumers. LSEG has a market-leading mechanism of trading and has its post-trade assets invested in primary patented technology. It also helps enhance the operational efficiencies in more than 40 monetary market infrastructure as well as financial institutions. The names include Johannesburg Stock Exchange, London Stock Exchange, HKEX, Singapore Exchange, TP-ICAP, and some more global markets.
