The New Trading Platform 1 1

2 2

Threat to Trading Systems Market Data Order Handling Growing at a rapid pace Opra Feed 1.2M MPS Depth of Book over 1.0M MPS HFT Order Volumes 1m Orders per Second 1 Billion Orders per Day Regulation Complex Order Types Routing Mid Point Matching Minimum Execution Multi Legs Linked Orders Multiple Markets Dark Books Sweeps 3 3

Demand -Trading Systems 5 1 4 3 2 Capacity The Performance of over 100,000 orders per second going to a 1Million per second The ability to introduce new order types products & services Flexibility Multi Asset One Platform to Trade all Asset classes Latency The race to Zero Latency and Predictable Latency Cost To achive all the above at very low cost 4 4

Trading Architecture 5 5

Business Innovation Dynamically Application Integration Shell Technology

Order Management gateways Technology Mapping Architecture Exchange Platform Distributed Parallel Matching Order Management gateways BID Dynamic Schema Validation Rules Market Data Market Data gateways Matching Rules Market Data Rules Market Setup Post Trade gateways Order Types Rules Mapping Rules Market Operations System Management Permission Rules Display Rules Customer Service GUI’s Technology Performance Resilience Serendib (Comms) Sysguard (FT) Spatial (GUI) Orion (Persistence) Flexibility Scalability Implementation Cost Modular Rule Based Testing 7 7

Testing Automated 8 8

Capital Markets

Millennium Exchange

Surveillance Sell side Buy side Market Monitoring Investigators

Latency Measurement 12 12

Latency Graph 13 13

What will be the next 14 14

Thank you for your attention! Any Questions?

Contact Details Tony Weeresinghe tony @millenniumit.com tony.w@londonstockexchange.com