Sri Lanka-based MillenniumIT drives Canada’s new equal opportunity exchange
COLOMBO (EconomyNext) – Technology from MillenniumIT, a Sri Lanka based unit of London Stock Exchange group is driving Canada’s newly opened Aequitas NEO exchange.
"By leveraging the flexibility of the integrated Millennium platform, we’ve been able to support the launch of Aequitas NEO Exchange in record time, bringing true innovation to the Canadian marketplace," Mack Gill, CEO, MillenniumIT said in a statement.
The Aequitas NEO exchange promises equal opportunity to all investors where no extra advantages will be given to some traders who have programed trading privileges.
“The task we set back in March 2014 was enormous; we wanted to build an exchange of the future that challenges existing trading models and puts investors, companies raising capital and their dealers first," Jos Schmitt, CEO, Aequitas NEO Exchange Inc, was quoted as saying.
Aequitas NEO is trying to compete directly with established players like Toronto Stock Exchange.