Colombian Stock Exchange and BM&FBovespa explore 'interconnection'

Source: Colombian Stock Exchange

The Colombian Stock Exchange (BVC) and BM&FBOVESPA announced today their interest in exploring alternatives focused on a possible interconnection of their Equities, Fixed Income and Derivatives markets to promote the development of the capital markets.

With the signature of a memorandum of understanding, the two exchanges are keen on starting an exploration phase, that will establish a plan that would make feasible the interconnection of securities trading platforms in both countries, which allows the bid and ask order routing.

The purpose is to explore the benefits and value opportunities in both markets and this is the first step of the process; the modalities and the date for the happening of the interconnection will be discussed and established by the exchanges in the future.

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