NYSE Technologies, the commercial technology unit of NYSE Euronext, has joined forces with Bolsa Mexicana de Valores (BMV) and software vendor Americas Trading Group to support electronic trading in Mexico.
The partnership is designed to support the launch of BMV’s new MoNeT trading platform and mid-point dark pool that were launched in early September and incorporates technology to support the entire trade cycle.
The collaboration will provide a co-location model for cash and derivatives markets access, global connectivity capabilities for buy-side, sell-side and vendors across Latin America, Europe, the US and Asia, and risk management functionality. It also includes low-touch order stamping by BMV numbers to settle orders and the delivery of low-latency market data via NYSE Technologies’ Secure Financial Transaction Infrastructure, its low-latency communications infrastructure.
“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, president and deputy CEO, NYSE Euronext. “By continuing to improve access to key Latin American exchanges and customers, we continue to realise 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,” added 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.”