The Singapore Stock Exchange is to be the first customer for Millennium PostTrade, a new multi-asset clearing, settlement, risk and CSD technology platform from the London Stock Exchange's technology arm.
The LSE says the implementation of Millennium PostTrade will enable SGX to offer its clients flexible real-time post trade services on a single platform, across asset class.
Mack Gill, CEO of MillenniumIT, says: "This represents a significant partnership for us and the first contract win for the full Millennium PostTrade solution."
SGX joins over 30 organisations around the world which are currently using MillenniumIT's technology.
Magnus Bocker, CEO of Singapore Exchange says the platform will be implemented in the securities market to strengthen the bourse's Asian Gateway proposition.
Says Bocker: "We look to London Stock Exchange Group for its support as we introduce this new technology to our market, the first implementation of such scale for Millennium PostTrade."