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CMA reports BBVA Bancomer deal

16 February 2010  |  3352 views  |  0 Source: CMA

CMA, the leading Market Data, Order Management and Connectivity provider of Latin America announce further deployment of its Series 4 Market Data and Execution platform for the exclusive use of BBVA Bancomer derivatives trading.

CMA's Series 4 is the latest version of CMA's complete Market Data and Order Management System used by a majority of banks and brokers trading in the Latin American financial markets community. For nearly a year, BBVA Bancomer has deployed Series 4 in Mexico City, Mexico, to allow its users to have an enhanced trading platform for Mexican Derivatives.

"Mexico's exchange traded marketplace in large part, have been growing in value and volume due to local software and platforms," states Mr. Mario Chuman, Managing Director of CMA, "We are very pleased to have been able to meet the requirements sought by BBVA Bancomer as they are one of Mexico's prime market leaders," Mr. Chuman adds.

The Mexican capital markets trading instruments have moved onto multi-asset/multi-regional trading desks in every major market over the last few years. Leading in both volume and value, Mexico's Bolsa Mexicana de Valores (BMV) and the Mexican Derivatives Exchange (MexDer) have
frequently topped the global exchange volume charts.

"BBVA Bancomer has a long history of providing outstanding products and services for our clients which make it important to us to have a partnership with a leading market data vendor that has similar history and understanding when it comes to our unique market place," states Ms. Gloria Roa, Head of BBVA Bancomer Derivatives. "CMA was able to meet our needs through a forward thinking strategy of technology that keep BBVA Bancomer standards high, Ms. Roa concludes"

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