BVC marketplace to implement major modifications to trading engine,
which operates multi-asset classes and multi-currency trading
NEW YORK and BOGOTÁ, Colombia,
July 28, 2016 (GLOBE NEWSWIRE) -- Nasdaq, Inc.(Nasdaq:NDAQ)
and the Bolsa de Valores de Colombia (BVC) today
announced the extension of their current trading technology
contract for an additional seven years. This extension is part of
BVC's ongoing initiative to continue strengthening its position in
both the regional and international exchange arena.
The upgraded Nasdaq matching
engine, X-stream INET Trading, further enhances the Colombian
capital market by supporting new asset classes and providing more
efficient MILA connectivity, which integrates the stock
exchange markets of Chile, Colombia, México and Perú, as well as
the throughput needed to manage the increase in volumes. X-stream
Trading is deployed in more than 35 markets, making it the most
widely used marketplace system in the world.
"By extending our relationship
with Nasdaq, this is a vote of confidence to our investors,
partners and region that we're serious about deploying the most
powerful, robust trading technology in the world," said Juan Pablo
Córdoba, President of BVC. "We're thrilled to be using a platform
that allows us to conform to international standards thus making
our equity and derivatives markets attractive to foreign and
domestic investors, and continue to grow our business and
Colombia's position as a financial capital in Latin America."
"We have supported BVC since 2007
and are thrilled to continue this relationship in the years to
come," said Lars Ottersgård, Executive Vice President and Head of
Market Technology, Nasdaq. "Over the past decade, BVC has rapidly
grown its presence and prestige as one of the most formidable
exchanges in the Americas. By providing the technology that fuels
their trading engine we are greatly invested in the success,
performance and resiliency of BVC and very proud of this ongoing
accomplishment."
Nasdaq's exchange technology, including trading,
clearing, CSD and market surveillance systems, is in operation in
over 100 marketplaces across the Americas, Europe, Asia, Australia,
Africa, the Middle East and the Caribbean.
About
BVC
Bolsa de Valores de Colombia
(BVC:CB) BVC is a multi-product and multi-market Exchange that
provides specialized technology solutions to the financial sector,
market data and assets valuation. Also manages the trading and
registration systems for fixed income, equities derivatives, FX,
OTC and listing services. It also has presence in the whole
stock-market industry value chain through its shareholdings in the
Central Securities Depository (Deceval), Central Counterparty Risk
Clearing House (CRCC) and in the FX Clearing House (CCDC). To learn
more, visit: en.bvc.com.co
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of
trading, clearing, exchange technology, listing, information and
public company services across six continents. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities
transactions. Nasdaq is home to more than 3,700 listed companies
with a market value of approximately $9.3 trillion and more than
17,000 corporate clients. To learn more,
visit: nasdaq.com/ambition or business.nasdaq.com
NDAQG
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