MIT

27-Jan-2012

25-Jan-2012

23-Nov-2011

14-Nov-2011

2-Oct-2011

13-Sep-2011

7-June-2011

24-Mar-2011

9-Feb-2011

10-Nov-2010

24-Oct-2010

22-Apr-2010

MillenniumIT (UK), a leading technology solutions provider and part of the London Stock Exchange Group, and the Egyptian Exchange (EGX) have entered into a partnership agreement.

Under the agreement, MillenniumIT, which has over a decade of experience in building technology solutions for the capital markets, will provide EGX with a state-of-the-art Trading Surveillance System (TSS).

26-Mar-2010

Tullett Prebon, one of the world's leading inter-dealer brokers (IDB), and MillenniumIT, a leading technology solutions provider and part of London Stock Exchange Group, entered into a partnership agreement.

27-Oct-2009

Enterprises Development, Export Promotion, Media and Information Minister Anura Priyadarshana Yapa addressing a meeting of representatives of the London Stock Exchange Group (LSEG) at the World Trade Centre, Colombo recently said that the service sector play a major role in the country's economic development. He said that the youth in the country who possess immense manpower contribute greatly to this sector.

Xavier Rolet, Minister Anura Priyadarshana Yapa and Tony Weerasinghe

20-Oct-2009

By Sanjeevi Jayasuriya

MillenniumIT (MIT) looks set for an exciting future as part of the London Stock Exchange Group. “We intend to leverage the Group’s strong global franchise to further develop our global exchange technology sales business continuing to support our existing customers as well as expanding the company in to other markets and investing for the future,” said MillenniumIT Chief Executive Officer, Tony Weerasinghe.

5-Oct-2009

VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world entered into a reseller partnership with Sri Lanka's premier technology solutions provider, Millennium Information Technologies Ltd (MillenniumIT), to provide businesses in Sri Lanka with comprehensive and secure e-commerce solutions.

Under the terms of the agreement, MillenniumIT will provide customers across Sri Lanka with VeriSign Secure Sockets Layer (SSL) Certificates to help protect e-commerce interactions online.

The partnership makes MillenniumIT the first authorised Sri Lankan reseller partner of VeriSign SSL Certificates. The partnership will also significantly reduce the cost of purchasing SSL Certificates for businesses in Sri Lanka. The accessibility of VeriSign SSL Certificates directly within the country will also make it easier for Sri Lankan companies to provide the highest standard of online security for their local and foreign clientele.

27-Sep-2009
By Jagdish Hathiramani

Last week's revelation that the venerable London Stock Exchange (LSE) had agreed to acquire Sri Lanka's Millennium Information Technologies (MillenniumIT) came out of the blue for many Sri Lankans. But what might prove stranger still was how the idea for LSE's buyout offer initially originated.

In an exclusive interview with the Sunday Times FT, MillenniumIT's Chief Executive, Tony Weerasinghe, opens up about the background of the LSE transaction and the direction in which the company he founded is now headed.

First, how did LSE go from MillenniumIT's potential client to its probable parent? "We knew that LSE was looking for alternatives to its TradElect platform.

17-Sep-2009

15-Sep-2009
Source www.telegraph.co.uk

The LSE had been expected to buy a replacement for TradElect, its outdated trading system, but the stock exchange's decision to buy an entire software company is likely to take many in the City by surprise. MillenniumIT, based in Sri Lanka, is owned by management and institutional investors with global offices in London, Boston and Mumbai. Its products power exchanges, brokerages and regulatory bodies worldwide.

The acquisition is a bold move by Xavier Rolet, the LSE's new chief executive, who has stated he wants technology to be one of the driving forces of the exchange's future growth.

10-May-2009

MillenniumIT, a leading system integration company became the first partner in Sri Lanka to obtain both the Cisco Advanced Unified Communications (UC) and Cisco Advanced Security Certifications recently.

The Advanced UC and the Advanced Security Certifications are programs by Cisco, the global leader in networking equipment and network management for the Internet, to acknowledge the partner's investment in gaining the necessary expertise in selling, designing, installing, and supporting integrated Advanced Technology Solutions, resulting in a better customer experience.

The Cisco Advanced Unified Communications specialisation is designed to help channel partners meet a wide range of customer needs-from small to medium- sized businesses all the way up to enterprise-scale organisations-and focuses on IP Communications market opportunities that require advanced product knowledge and the ability to deploy solutions over multiple sites and geographies.

3-Feb-2009

MillenniumIT was awarded the contract for implementing the technology platform for the Indiabulls Financial Services (IBFSL) commodity exchange.

The exchange, which has now been christened the International Multi-Commodity Exchange (IMX), has six partners promoting India’s fourth national commodity bourse and will primarily engage in commodity derivatives trading.

The exchange has as its largest shareholder IBFSL, one of the largest brokerages in India and a part of Indiabulls Group, a highly diversified listed blue-chip company and MMTC Limited, the largest commodity/metal trading importer and exporter in India.

IMX have now started operationalising the multi-commodities exchange and one of the first steps in this process was the appointment of MillenniumIT to set up and implement the technology platform for IMX.

A spokesman for MillenniumIT said the company will implement a fully integrated end-to-end solution for IMX.

“We used our unique selling points of flexibility of the system to adapt to changes in business requirements, superior performance as well as an entire portfolio of products to present an end to end solution. This gave us the edge over some leading international and Indian vendors to win the contract. We also have an in depth comprehension of the Indian market and hence the ability to cater to all regulatory and business needs.”

The MillenniumIT platform will include trading, risk management and market surveillance systems, trader front ends, CCP (Central Counterparty Clearing and Settlement) and collateral and delivery management.

An official statement released by Indiabulls says, “The exchange is expected to go live in the first quarter of the next financial year, subject to regulatory approvals.”

Initially, the commodity exchange was billed as a joint venture between IBFSL and MMTC sharing equity of 74% and 26% respectively. However, revised government guidelines proposed single shareholder limits to not exceed 40% of the equity, forcing IBFSL to search for other partners.

Trading company India Potash Limited is among the six partners.

The turnover in the commodity market surged 28% in the last year paving the way for new players to enter the fray.

15-Jan-2009

MillenniumIT (MIT), a premier technology solutions provider serving the global capital market industry from Sri Lanka, said that the new opportunities driven by regulations and cost consciousness are available for IT firms with the right mix of products despite the global economic downturn.

In the US, the regulation known as 'Regulation NMS,' created a level playing field among exchanges by mandating transparency in price discovery. Price discovery across multiple venues have created a demand for high speed, low cost order routing systems among brokers and exchanges.

"Because of new regulations on pricing transparency in stock markets in the US, stock markets have to route orders to the lowest priced destination. This created a demand for systems that provide high volume, high speed, order-routing capabilities. This effect is now spreading across the Canadian market as well" said Vice President, Product Management, at MillenniumIT, Feroz Cader.

13-Jan-2009

MillenniumIT (MIT), a premier technology solutions provider serving the global capital market industry from Sri Lanka, says that new opportunities driven by regulations and cost consciousness are available for IT firms with the right mix of products despite the global economic downturn.
In the US, the regulation known as ‘Regulation NMS,’ created a level playing field among exchanges by mandating transparency in price discovery. Price discovery across multiple venues have created demand for high speed, low cost order routing systems among brokers and exchanges.

“Because of new regulations on pricing transparency in stock markets in the US, stock markets have to route orders to the lowest priced destination. This created a demand for systems that provide high volume, high speed, order-routing capabilities. This effect is now spreading across the Canadian market as well” says Feroz Cader, Vice President - Product Management, at MillenniumIT. The new systems in demand are required to handle large volumes of orders and market data at ‘micro-second’ speeds.

26-Nov-2008

2-Sep-2008

The MillenniumIT’s Central Securities Depository (CSD) system was recently implemented at the Botswana Stock Exchange (BSE), turning it into one of Africa’s best performing stock exchanges. In terms of market capitalization, the BSE is rated the third largest stock exchange in Southern Africa.
With the new Depository and Settlement system, the BSE handles Equities found in Domestic, Foreign and Venture Boards, Corporate and Government Bonds and Commercial Paper. Meanwhile, Exchange Traded Products, Securitized Products and Derivatives are in the process of being introduced at the Exchange.