NYSE Technologies, Bolsa Mexicana and ATG to Offer Unprecedented Access and Trading Tools for Mexica
NYSE Technologies, Bolsa Mexicana and ATG to Offer Unprecedented Access and Trading Tools for Mexican Markets
- Supporting Bolsa Mexicana's New Matching Engine
- Fast Global Connectivity and Market Access via NYSE Technologies' SFTI and ATG's Network
- Customized Risk Controls Utilizing NYSE Technologies' Risk Management Gateway
- Global Market Data distribution via SFTI with direct contract with BMV
NEW YORK--(BUSINESS WIRE)-- NYSE Technologies, the commercial technology division of NYSE Euronext (NYX: NYX) today announced that in collaboration with Bolsa Mexicana de Valores (BMV) and Americas Trading Group (ATG) it has built and deployed a state-of-the-art trading infrastructure complete with global connectivity, risk management functionality and direct market data distribution for customers trading in Mexican markets. Designed to support the launch of Bolsa Mexicana's new matching engine and midpoint hidden order book, this solution incorporates advanced technology developed specifically for every part of the trade cycle to provide unprecedented accessibility, performance and risk management for trading on Bolsa Mexicana's exchanges with the aim of establishing Mexico as a premier Latin American investment destination.
Initially, this collaboration will provide:
- A new co-location model for access to cash and derivatives markets (through ATG directly at the KIO Data Center)
- Global connectivity for buy side, sell side and vendors from the US, Europe, Asia and also other Latin American markets such as Brazil and Chile.
- Sophisticated risk management functionality for international order routing (solution implemented by NYSE Technologies)
- Low touch order stamping by Bolsa Mexicana's members to settle orders
- Global Market Data distribution via NYSE Technologies Secure Financial Transaction Infrastructure (SFTI®) with direct contracting with BMV
"We are excited to again work with one of Latin America's leading market operators in Bolsa Mexicana and market participants in ATG to deliver dramatic improvements across critical elements of the trade cycle," said Dominique Cerruti, NYSE Technologies. "By continuing to improve access to key Latin American exchanges and customers, we continue to realize our vision of creating a global capital markets community with cutting-edge connectivity, performance and risk management."
"Today's announcement with NYSE Technologies and ATG demonstrates our ongoing commitment to grow and enhance our markets in Mexico to deliver highly flexible multi-market, multi-asset trading," said Jorge Alegria, Head of Market Operations, Bolsa Mexicana de Valores. "We look forward to extending our relationship and cooperation with NYSE Technologies in several important areas that will further expand that growth and performance in the near future."
Notes from the editor:
The Secure Financial Transaction Infrastructure (SFTI) - The highly resilient, ultra low-latency communications backbone created for the financial industry in 2002 with connectivity to global exchanges, market centers, service providers and over 1,300 market participants.
About BMV Group
BMV Group is a fully integrated Exchange Group that operates cash, listed derivatives and OTC markets for multiple asset classes, including equities, fixed income and exchange traded funds, as well as custody, clearing and settlement facilities and data products for the Mexican and international financial community.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world's largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world's best financial institutions and exchanges. For additional information visit: nyse.com/technologies.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext's 2011 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
New York, +1.212.656.2411
New York, +1.212.656.5700
KEYWORDS: United States Mexico North America Central America New York
The article NYSE Technologies, Bolsa Mexicana and ATG to Offer Unprecedented Access and Trading Tools for Mexican Markets originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.