Casablanca Stock Exchange has successfully gone live with the new technology platform provided by MillenniumIT, the technological subsidiary of London Stock Exchange Group (LSEG).
The launch of the 'Millennium' platform is a new achievement of the strategic cooperation agreement between CSE and LSEG, and is part of the continuous improvement of the services provided by Casablanca Stock Exchange to its customers, the capital market and all investors.
READ: Casablanca Stock Exchange Profile
The new platform includes an integrated solution for listing and trading (Millennium Exchange) and a market surveillance tool (Millennium Surveillance). It significantly offers greater automation and operational efficiency, and improves the processing of transactions.
The implementation of the new platform has also helped introducing new order types and new features, designed to improve the market transparency and enhance its liquidity.
The implementation of the so-called « New Age » platform required a close collaboration between Casablanca Stock Exchange, MillenniumIT, the Brokerage Firms, Maroclear, the AMMC (Financial Market Authority), and Data vendors.
Following this achievement, Mr. Karim Hajji, CEO of Casablanca Stock Exchange said
"We are very pleased to successfully achieve this project and meet the deadlines. This platform offers our market a state of the art technology with the best international standards, and will allow us to better answer the financing needs and hedging market risks, while supporting the development of the Casablanca Financial Market and its regional influence."
