23 January 2017
visit http://www.wolterskluwerfs.com

Columbian exchange extends Nasdaq OMX tech contract

10 October 2012  |  1385 views  |  0 Source: Nasdaq OMX

The NASDAQ OMX Group, Inc. (NDAQ) and the Bolsa de Valores de Colombia (BVC), the fourth largest stock exchange in Latin America, today announced the extension of their current technology contract for an additional five years.

This extension is part of BVC's ongoing initiative to continue strengthening its position in both the regional and international exchange arena.

Since 2007, the relationship between BVC and NASDAQ OMX has been a key partnership in Latin America for both companies. BVC selected X-stream, used in more than 22 markets making it the most widely used marketplace system in the world, to power a new equities trading system and provide the technology to launch a new derivatives marketplace to enhance BVC's marketplace offerings. BVC subsequently expanded its marketplace to include energy contracts using the X-stream trading solution, which operates multi-asset classes and multi-currency trading.

Juan Pablo Cordoba, President of BVC, said: "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, as well as raising the bar for our market participants. At 100 percent uptime, there was no questioning our decision to extend our current contract to continue running on NASDAQ OMX's X-stream solution."

Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, said: "We couldn't be more pleased to continue our relationship with BVC. BVC is rapidly becoming a significant exchange not just in Latin America, but the world. It is a privilege to support the company in its ascension and as NASDAQ OMX continues its own expansion in Latin America."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextraVisit capgemini.comVisit contisgroup.com

Top topics

Most viewed Most shared
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
13231 views comments | 48 tweets | 45 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
11332 views comments | 32 tweets | 20 linkedin
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
9179 views comments | 51 tweets | 47 linkedin
HSBC forms tech advisory boardHSBC forms tech advisory board
6816 views comments | 22 tweets | 23 linkedin
NumbersLegalising the blockchain
6160 views comments | 9 tweets | 4 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job