--- title: MillenniumIT Wins Singapore Post-Trade Contract description: MillenniumIT Wins Singapore Post-Trade Contract --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/millenniumit-wins-singapore-post-trade-contract#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Europe](https://articles.marketsmedia.com/tag/europe) - Europe - MillenniumIT Wins Singapore Post-Trade Contract Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/millenniumit-wins-singapore-post-trade-contract#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 11.08.2013 By Terry Flanagan Europe # MillenniumIT Wins Singapore Post-Trade Contract 11.08.2013 By Terry Flanagan [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/millenniumit-wins-singapore-post-trade-contract) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/millenniumit-wins-singapore-post-trade-contract) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/millenniumit-wins-singapore-post-trade-contract) Mack Gill, chief executive of MillenniumIT, said his strategy is to grow different markets and geographies as the London Stock Exchange Group’s technology business won its first full PostTrade contract by signing up the Singapore Exchange. Gill joined MillenniumIT in May from technology group SunGard Data Systems where he was senior vice president, corporate development and strategy. "My strategic priorities are to expand market coverage in areas such as post-trade, surveillance and order routing and to grow geographically," Gill told Markets Media. "We are focussed on North America and East Asia." He said there are also opportunities in Europe due to the introduction of T2S, which aims to make cross-border settlement as easy as domestic settlement across the region. MillenniumIT said today it had won a contract from SGX which was the first for its full PostTrade platform and will allow the exchange to offer its clients real-time services on a single platform across currencies and asset classes. "This really is a new paradigm for exchanges and custodians," Gill said. He argued that exchanges and custodians have historically stitched together legacy systems for back office systems which have become expensive to maintain and and do not meet the changes wanted by regulators since the financial crisis with more focus on risk management, collateral management and counterparty risk. MillenniumIT has used the same technology as in its low latency trading engines in its PostTrade platform and so can offer straight-through processing. "The PostTrade platform is built on the same chassis as our trading platform and so it is extremely rapid and back-office processing can be done in near real-time," Gill added. "With instantaneous information clients can optimise their collateral and margin requirements." He said that clients can also easily change PostTrade functionality to meet new regulations. In the LSE's latest results the exchange reported that in the three months ended June 30, technology services had revenues of £15.5m, 28% up year-on-year. The exchange said this reflected a strong performance from MillenniumIT where results were up 18% on an organic and constant currency basis. Xavier Rolet, group chief executive, said in the statement: "In particular, we have delivered strong results from FTSE, MillenniumIT and from Capital Markets, reflecting an uplift in admissions and money raised, and improving market sentiment in secondary markets." 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