Millennium Exchange

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The Millennium Exchange is the electronic trading platform used by the London Stock Exchange. In 2009 the London Stock Exchange Group wanted to develop a new, cheaper and faster electronic trading platform. They wanted to develop their own, but they decided to acquire the Millennium Exchange instead. MillenniumIT created the Millennium Exchange, which the London Stock Exchange Group bought for £18 million. 

In 2010 the Millennium exchange had broken the world record of trading speeds, with 126 microsecond transaction times in the Turquoise dark pool. The exchange went live on the first of November that year, but due to human error that occurred in suspicious circumstances, the exchange was taken offline. In February 2011 the exchange went online again and since then it has been sold to other exchanges like the Oslo Stock Exchange, Johannesburg Stock Exchange, and the Bolsa de Valores de Lima. In 2019 digital asset trading platform AAX bought the Millennium Exchange to run its digital asset exchange. 


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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