Bolsa de Valores de Colombia (BVC) Extends Trading Technology Contract with Nasdaq
July 28 2016 - 9:02AM
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
For Media Inquiries:
Nasdaq:
Ryan Wells
ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
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