LSEG Technology, London Stock Exchange Group’s technology solutions provider, on Thursday (9) announced that Millennium Exchange has successfully been deployed as part of the go-live of the AAX digital asset exchange.Millennium Exchange’s low latency, resilient, and scalable matching engine provides market-leading performance and reliability.The deployment marks the first time Millennium Exchange has been deployed in a cloud-based environment, providing low latency, resilience and scalability for AAX’s 24-hour trading platform.

The implementation leverages the market leading technology, used across London Stock Exchange Group and other global client trading venues, as the basis for AAX’s platform.The deployment extends Millennium Exchange’s asset class coverage to crypto currency pairs and futures on crypto currency.“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,”Ann Neidenbach, chief information officer, LSEG Technology said.

she also noted that the move demonstrates the opportunities for its technology outside traditional marketplaces and in the cloud.“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,” Thor Chan, chief executive and Co-Founder of AAX said.