Oslo Børs Adopts LSE's Millennium Exchange
The London Stock Exchange Group (LSE) has announced that Oslo Børs, the Norwegian exchange operator, will be using its Millennium Exchange platform for equities and fixed-income trading.
Oslo Børs cites low latency as the primary reason for the operator's selection of the platform, with Anders Brodin, deputy CEO and head of market places saying: "Oslo Børs has decided to use the London Stock Exchange's Millennium Exchange as it is one of the world's fastest trading systems. Latency has become an ever more important factor for market participants, and the implementation of Millennium Exchange will strengthen the competitive position of Oslo Børs."
LSE and Oslo Børs entered into a strategic partnership in March 2009, with the latter using LSE technology since 2010 as part of their cooperation across equities, fixed income and derivatives markets.
A timetable for the migration of trading has yet to be announced.
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