Our technological enhancements through Integrated Trading and Clearing (ITaC) will see the migration of the Equity Derivative and Currencies Markets onto Millennium IT and Cinnober in Q4 2017.
| Benefits: |
| Increased trading volume capability |
| Establish a stable platform with consistent and low latency |
Efficient access to real-time derivatives market data Opportunities to expand the range of products offered to the market (i.e. options on spot equities which is the international norm) |
| Opportunities for members to utilise cross-market trading strategies |
| Expanded services opportunities for international clients |
| Alignment to global best practice |
General technological improvements:
| Standard market access and Application Program Interfaces (APIs) |
| Open, competitive software provider landscape for increased choice of front end providers. |
| Publication of trade information aligned to international best practice |
| Cross-market functionality for trading, clearing and real-time alerting for surveillance purposes |
| Common reference data between trading and clearing services |
| Scalable, high performance and configurable technology |
ITaC unlocks the following benefits for clearing:
| Establish a more stable and functionally rich clearing platform |
| Enhanced functionality in the acceptance of non-cash collateral |
| Margin offset |
| Increased opportunities for netting of settlements |
| Centralised, sophisticated and more real-time risk management for better protection of the market and alignment to global best practice and regulation in support of internationalisation of the markets |
