Johannesburg Exchange Taps MillenniumIT Technology for Derivatives, Fixed Income Markets

Deal will extend JSE's use of Millennium Advanced Platform, Millennium Exchange trading platform and Millennium Surveillance.

JSE first used MillenniumIT technology in 2012.

The Johannesburg Stock Exchange (JSE) will extend its partnership with MillenniumIT, which is part of the London Stock Exchange Group, to the technology involved in its derivatives and fixed income markets.

JSE will expand its use of MillenniumIT's Millennium Advanced Platform (MAP), the Millennium Exchange trading platform and Millennium Surveillance. The technology will be implemented in equity derivatives, currency derivatives, commodity derivatives, bonds and bond derivatives.

The process of integrating all asset classes onto MillenniumIT's technology platform will take place in two parts. The first will include equity derivatives and currency derivatives markets, followed by the remaining classes in the second stage.

"The efficiencies, scalability and risk management gains we achieved in our equities markets when we moved our technology infrastructure onto MillenniumIT's platform in 2012 was outstanding: our member firms benefited from executing trades up to 400 times faster than previously," said Leanne Parsons, director of trading and market services at JSE, in a statement. "Since then, MillenniumIT has helped us to further improve our latency with a co-location facility. It made absolute sense for us to extend these benefits to markets across our entire exchange with a best-of-breed approach from MillenniumIT."


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