Miami International Holdings, Inc. (MIH) today announced the launch of a fully-integrated trading, clearing, settlement and depository technology platform for The Bermuda Stock Exchange (BSX), a wholly-owned subsidiary of MIH.
“The launch of the new BSX technology platform represents an important milestone in our strategy to build and operate all our exchanges utilizing proprietary MIAX technology,” said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH. “The new platform provides us with the flexibility to respond to evolving market demand and expand the range of products we are able to offer customers.”
The new BSX system utilizes MIAX proprietary trading, middle and back office technology with the CSD technology built in conjunction with Vermiculus, a Swedish-based company focusing on providing trading, clearing, and central security depository solutions globally. The trading…
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