Stock Exchange Solution from MillenniumIT, Srilanka.
Sambad Technlologies Private Limited is providing state-of-the-art complete solution for stock and commodities exchanges.
About Capital Market Solutions
MillenniumIT launched its first capital markets solution in 1996, with the implementation of an automated depository system at the Colombo Stock Exchange in Sri Lanka. Our partnership with the Exchange resulted in the creation of the world's first event-driven trading system, which we implemented in 1997. Our solution, a prototypical straight-through processing (STP) system, evolved over time into MillenniumIT's Suite of Capital Market Products, handling all aspects of the trading process. These products now power exchange networks across the globe with its scalable and fault-tolerant design that delivers true, straight through processing.
MillenniumIT customers include:
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American Stock Exchange
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Millennium Exchange
Competition, consolidation, and regulatory changes have created an unpredictable yet opportunistic environment for the world's financial markets. To thrive in the current environment, you need a trading platform that moves as quickly as you do. The right trading platform will complement the rapid evolution of your business. The wrong one could mean the difference between success and failure.
Millennium Exchange, the flagship product of MillenniumIT, offers marketplaces an endlessly extensible trading platform with the ability to grow and change as quickly as your business does. It can be configured to trade virtually any product in any type of market. The platform is built on a rule-based, distributed, and fault tolerant technology, enabling it to be highly reliable, scalable, and flexible to meet your specific needs.
In addition to being comprehensive and flexible, a good platform must be easy to implement and cost-effective to run. Millennium Exchange is built to deploy quickly, resulting in a shorter time to market. It allows for fast and straightforward implementation of business logic changes, by simply changing the business rules, resulting in lower support costs than other platforms. And most importantly, it is easy to use and understand, resulting in less training and administration time.
Millennium SOR
Forces of consolidation, competition, and regulation in the global financial markets have created the need for fast, flexible and robust Smart Order Routing systems for firms and execution venues seeking best execution beyond price.
Millennium SOR offers marketplaces a single platform, capable of housing multiple asset classes and numerous order routing algorithms.
A patented, rule based, complex, event processing engine allows users to extend the system to include new routing strategies, new products and new functionality virtually ‘on-the-fly’ with minimal changes to the underlying source code, freeing it from the constraints of more traditionally designed systems.
Interfacing to external system is via the programmable Millennium Gateway TM, allowing it to be deployed quickly and effectively in diverse marketplaces.
Millennium Surveillance
To effectively surveil today’s fast paced and volatile electronic trading environments, market regulators and exchange surveillance personnel alike need state-of-the-art surveillance systems that can rapidly and accurately detect abnormal trading behaviour amidst ever increasing trading volumes. These systems must be equipped with powerful tools to analyze and report such behaviour and be capable of supporting further investigations through to litigation if necessary whilst being flexible enough to adapt to disruptive changes in the regulatory landscape – demands that Millennium Surveillance is geared to meet.
Developed as a fully configurable rule-based platform that can be integrated with any trading system, Millennium Surveillance can be configured using business rules to enforce regulations of any market without programmer intervention. Further, the scalable design of the product ensures that any subsequent growth in volumes (number of securities, trades etc) can be easily accommodated in a cost effective manner.
