Source: Nasdaq OMX
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) and the Colombian Exchange - Bolsa de Valores de Colombia (BVC) - today reported the successful launch of a new cash equities trading system at BVC. The launch took place on February 9th and received immediate acknowledgement from BVC members.
and the investing public. BVC's new system from NASDAQ OMX marks an important
milestone in BVC's goal to become a leading exchange in South America.
The system delivered to BVC offers a high-volume, low-latency platform, and is built to support the fast introduction of new trading products and services. It also enables high capacity limits to meet the needs of algorithmic and high-velocity traders. In addition to the equities system launched yesterday, BVC in 2008 deployed a system from NASDAQ OMX for derivatives trading.
"Through our new equities system we are in a great position to grow business at our exchange and thus reach our 2015 goal of 200 new companies and 1.5 million of Colombian families investing in our market," said Juan Pablo Córdoba, President at BVC. "By being able to offer a world-class trading platform, we have an opportunity to contribute to a well-functioning Colombian financial market that encourages increased household investing in cash equities."
"It is extremely rewarding to complete the second part of our deployment at BVC," said Lars Ottersgård, Head of Market Technology at NASDAQ OMX. "BVC now has a trading system for both equities and derivatives based on internationally recognized standards, putting them at the forefront of South American exchanges."