Stocked Up

July 17, 2012 (LBO) - London Stock Exchange group said its Millennium Exchange software has been deployed at the Mongolian Stock Exchange, making in the third location to go live with the platform after Italy and South Africa. "The development of stable, efficient and transparent capital markets infrastructure is a vital step in Mongolia’s journey towards greater prosperity," Xavier Rolet, chief executive of London Stock Exchange Group said in a statement.

"London Stock Exchange Group’s MillenniumIT technology, now installed at the MSE, will create new and exciting opportunities for the country’s leading companies and allow them to raise capital, in Mongolia and overseas, with confidence."

Mongolia went live with MillenniumIT's 'Millennium Exchange' software on July 02, which the firm says is the faster trading platform in the world.

The software which also drives the London Stock Exchange is developed by Sri Lanka-based MillenniumIT, a unit of the LSE.

Borsa Italiana and Johann the Johannesburg Stock Exchange migrated to the software in the past month.

its migration to Millennium Exchange within the last month. The JSE moved its trading system back to Johannesburg from London a transfer ai