Deutsche Börse and Bolsa Mexicana de Valores (BMV Group) have formed a new partnership that will enable the German exchange operator to access Latin America’s second largest exchange operator.
The cooperation allows Deutsche Börse to license and distribute the market data products of BMV Group to its customer base under a single-licence agreement. The move will extend Deutsche Börse’s global market data distribution capabilities to Latin America.
The partnership will also allow BMV Group to increase its global distribution footprint, aiming to broaden the flow from European investments into Mexican equities and derivatives markets.
“The new collaboration broadens the range of data available to our clients. With BMV Group as a strong partner, clients will now benefit from access to market data derived from the second largest exchange in Latin America,” said Alireza Dorfard, head of data services at Deutsche Börse.
Deutsche Börse will act as licensor and will provide clients with access to the full range of data products offered by BMV Group.
BMV Group’s market data will be available via Deutsche Börse’s CEF Core market data feed, facilitating a cost-efficient technical access in Europe. As a result, it will cater for clients’ market data needs while reducing administrative requirements and increasing overall efficiency.
“We are excited about our partnership with Deutsche Börse. We are certain that the cooperation will open new business opportunities worldwide to the Mexican equities and derivatives markets,” said José Manuel Allende Zubiri, senior vice president issuers and information at BMV Group.
BMV Group’s market data offering includes real-time and delayed data.
The information product portfolio consists of BMV Group’s trading venues, including the Bolsa Mexican spot market and MexDer derivatives market. BMV Group’s index and iNAV market data complete the offering.