London Stock Exchange said three exchanges, Borsa Italiana, Johannesburg Stock Exchange and Mongolian Stock Exchange have migrated to the Group's low latency trading platform, Millennium Exchange.

The Mongolian Stock Exchange migrated to the new platform on 2 July, marking the culmination of a 14-month project to modernise the country's capital markets infrastructure.
As well as overhauling the market's technology, LSEG developed a wide-ranging education programme for market participants and worked with the Mongolian government to re-write the country's capital markets regulations and securities law. An official launch in Mongolia is scheduled for later this year.

Xavier Rolet, CEO London Stock Exchange Group said: "The development of stable, efficient and transparent capital markets infrastructure is a vital step in Mongolia's journey towards greater prosperity. London Stock Exchange Group's MillenniumIT technology, now installed at the MSE,ÒÇÇwill create new and exciting opportunities for the country's leading companies and allow them to raise capital, in Mongolia and overseas."

Borsa Italiana became the fourth of LSEG's markets to migrate to MillenniumIT joining London Stock Exchange, Turquoise and the Order Book for Retail Bonds.
Equity, structured product and fixed income trading at the Italian exchange will now take place via Millennium Exchange.
Borsa Italiana has also updated the configuration of its servers in Milan, bringing the hardware closer to its markets to ensure better efficiency and coverage.

Johannesburg Stock Exchange also completed its migration to Millennium Exchange within the last month. The JSE moved its trading system back to Johannesburg from London - a transfer aimed at enhancing operational efficiencies and ensuring trading optimisation for market participants.

Tony Weeresinghe, CEO of MillenniumIT and Director of Global Development at the LSEG said: "From Mongolia's fledgling market to Borsa Italiana, one of Europe's largest exchanges, our technology provides world-leading latency, exceptional flexibility and scalability. The Mongolian project in particular demonstrates the speed with which our systems can be installed and activated even in a market with no history of electronic trading."

Last week LSE announced a memorandum of understanding with Singapore Exchange Limited (SGX) to allow the largest and most actively traded stocks on each exchange to be traded by their respective member firms.
Under the Agreement, LSE members will be able to trade the top 36 SGX-listed companies on LSE's newly-created "International Board". These include securities of Singapore's leading indices; the Straits Times Index and MSCI Singapore Index. Similarly, SGX members will be able to trade FTSE 100 securities on SGX's GlobalQuote Board.