BME and the Bolivian Stock Exchange (BBV) have signed an agreement to upgrade the country's securities market with the installation of BME's Sibe-Smart trading platform in the Latin American market.
SIBE-SMART, designed and developed by BME, supports the various markets operated by the Group, such as Equities, Derivatives and Fixed Income.
With the implementation of SIBE-SMART, the Bolivian exchange will be able to proceed with the technological and functional modernisation of the markets in financial instruments. BME will assist in the roll out and offer maintenance and support services.
This agreement underscores BME's commitment to Latin America as part of its international expansion policy. Similar projects in recent years include the rollout of technological solutions in Venezuela, Colombia, Chile, México, El Salvador, Dominican Republic, Ecuador and Uruguay.
Ramón Adarraga, Director of International Relations at BME, noted that "this ambitious project in Bolivia is yet another step in our strategy to become the partner of choice for all exchanges in Latin America and to bolster our commitment to the region".