Egypt bourse monitored by LSE Sri Lanka unit software

A trading surveillance system developed by MillenniumIT, a London Stock Exchange unit based in Sri Lanka has gone live in at the Egyptian Exchange (EGX), the company said.

"We are very pleased offer our services to the Egyptian Exchange to improve its surveillance and market monitoring functionsm," Tony Weersinghe, chief executive of Millennium IT and director global development at LSE group said in a statement.

"We believe our state-of-the-art system will not only help EGX better oversee its market through rapid detection of abnormal trading activity but also help support this detection by further investigation of these behavioral patterns."