LSEG Technology’s Millennium Exchange has been deployed as part of the go-live of the AAX digital asset exchange, making it the first digital asset exchange to use the platform.
Based in Malta, AAX is part of Atom International Technology Limited and has technology operations in London and Hong Kong.
LSEG Technology’s trading and post-trade products are used by financial market infrastructure and financial services firms, including The London Stock Exchange, The Stock Exchange of Hong Kong, The Johannesburg Stock Exchange, and The Singapore Exchange.
Ann Neidenbach, CIO at LSEG Technology, said: “LSEG Technology is delighted to have successfully deployed our world-class Millennium Exchange matching engine at AAX. This is the first time Millennium Exchange has been deployed in the cloud, bringing its performance, scalability, reliability and seamless direct market access to AAX.”
She added: “This demonstrates the opportunities for our technology outside traditional marketplaces and in the cloud. It has been a pleasure working with AAX on this initiative and meeting the technical challenges of a 24/7 operating environment.”
Thor Chan, CEO and co-founder of AAX, commented: “LSEG Technology’s Millennium Exchange matching engine provides the performance and reliability to power AAX’s 24-hour trading platform all in a cloud-based environment.”
He added: “AAX is setting the standard for the next generation of cryptocurrency exchanges, offering much higher levels of trust, integrity, performance and security than has previously been available to retail and institutional investors.”
