Casablanca Stock Exchange (CSE) has gone live with trading and surveillance technology from MillenniumIT.

Under the hood, the stock exchange will be running with the Millennium Advanced Platform, supported by Sri Lanka-based and London Stock Exchange-owned MillenniumIT.

It is hoped that the new platform will support CSE’s growth strategies and that it will be part of a larger strategic cooperation with the London Stock Exchange. The exchange has multiple projects ongoing at CSE, including an implementation of UnaVista and a business development partnership.

“We are very pleased to successfully achieve this implementation and meet our deadline for go-live,” says Karim Hajji, CEO of Casablanca Stock Exchange. “This platform offers our market state of the art technology with the best international standards, and will allow us to better answer the financing needs and hedging of market risks, while supporting the development of the Casablanca Financial Market and its regional influence.”

“MillenniumIT has a long history of working with exchange operators in emerging markets around the world and we are delighted that CSE is the latest to have gone live with our world-leading, agile, low-latency financial technology,” adds Mack Gill, Chief Executive of MillenniumIT.

“The Moroccan market has unique requirements but the implementation of MillenniumIT’s flexible technology means CSE can adapt to the local market’s needs in a cost efficient manner.”

Under the terms of the impending merger deal with Deutsche Börse, all of London Stock Exchange’s subsidiaries and projects are free to continue as normal.

By Alex Hamilton

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
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