Nasdaq to Deliver Market Technology to Bolsa de Valores de Panamá
January 16 2018 - 09:01AM
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
For Media Inquiries
NasdaqRyan Wellsryan.wells@nasdaq.comDirect:
+44 (0) 20 3753 2231Mobile: +44 (0) 7809 596 390
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Feb 2024 to Mar 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Mar 2023 to Mar 2024