NYSE Euronext Advanced Trading Solutions, the technology subsidiary of exchange group NYSE Euronext, has been contracted to upgrade the electronic cash equity and options trading platform of Brazilian exchange BM&F BOVESPA.
The new NSC trading platform, already running on the Euronext Paris exchange, will be implemented at BM&F BOVESPA in Q1 2009. According to NYSE Euronext, the new platform offers customers low latency and an enhanced feature set for market participants.
BM&F BOVESPA has been using the NSC suite to run its trading platform, Mega Bolsa, since 1997.
“As we continue to experience strong customer demand and volume growth, we need a technology partner with an exceptional track-record and proven commitment to delivering top-quality technology across asset classes,” said Cicero Vieira, chief operating officer, BM&F BOVESPA, in a statement. “At BM&F BOVESPA, we are dedicated to ensuring fast, efficient and reliable access to Brazilian markets and we are pleased to continue to meet that objective through our partnership with NYSE Euronext Advanced Trading Solutions.”
BM&F BOVESPA was created earlier this year through the merger of Bovespa Holding, the Sao Paolo exchange, and the Brazilian Mercantile and Futures Exchange – the two largest exchanges in Latin America.