YASTESTThe exchange's new trading engine will be running on the
Nasdaq Financial Framework
NEW YORK and PANAMA CITY, Jan. 16,
2018 (GLOBE NEWSWIRE) -- Nasdaq Inc. (Nasdaq:NDAQ)
and Bolsa de Valores de Panamá (BVP) have signed an
agreement for Nasdaq to deliver matching engine technology via the
Nasdaq Financial Framework architecture to Panama's national stock
exchange. BVP will replace its current technology with a new
platform that will allow them to meet their strategic growth plans
and leverage the modular functionality of the Nasdaq Financial
Framework to offer additional services to their members and
clients.
"Replacing our existing trading software to
Nasdaq's technology is a key component in achieving our strategic
goals, our continuing efforts of the regional integration of the
exchanges and position our Exchange as the hub for capital markets
in the region," said Olga Cantillo, Chief Executive Officer, Bolsa
de Valores de Panamá.
"Panama is one of Latin America's important growth
markets and is clearly committed to creating a liquid, highly
sought after ecosystem," said Carlos Patino, Head of Latin America,
Market Technology, Nasdaq. "By leveraging Nasdaq's next generation
technology to run their exchange, BVP will have numerous
opportunities to scale their business, expand their offerings and
solidify their position as an integral driver of future growth in
the region."
Nasdaq's market infrastructure technologies,
including trading, real-time risk, index, clearing, CSD and market
surveillance systems are operated in more than 100 marketplaces,
regulators, clearinghouses and central securities depositories
across the Americas, Europe, Asia, Australia, Africa, the Middle
East and the Caribbean.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider
of trading, clearing, exchange technology, listing, information and
public company services. 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 90 marketplaces in 50
countries, and 1 in 10 of the world's securities transactions.
Nasdaq is home to approximately 3,900 total listings with a market
value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com
The Bolsa de Valores de Panama (BVP) is one of the
leading Latin American self-regulated exchanges, with a diversified
international infrastructure. With a total market cap of USD 32.9
Billion and over USD 5.3 Billion in total volume traded at year-end
2017, in addition to a Compounded Annual Growth Rate (CAGR) of
31.4% from 1990 to 2017, the BVP leverages on Panama's biggest
comparative advantages, such as it's geographical position, the use
of the USD as legal tender and having investment grade since 2010,
in order to continue the development of the local capital market.
The capital market represents a transversal axis that contributes
with a diversity of the economy sectors' development and growth,
with 2016 total traded volumes representing 13.4% of the GDP, an
increase of 3.3% when compared with the previous year. To learn
more, visit: http://www.panabolsa.com
NDAQG
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