Nasdaq Inc. (Nasdaq:NDAQ) and Bolsa de Valores de Panamá (BVP) have announced that BVP has successfully gone-live with its new trading system.
The system is operating on Nasdaq matching engine technology, allowing BVP to meet their strategic growth plans and leverage the modular functionality to offer additional services to their members and clients.
“After the implementation work during 2018, we are very pleased and proud to launch our new Nasdaq matching engine trading system,” said Olga Cantillo, CEO, Bolsa de Valores de Panamá. “This important investment, crucial for our strategic plan with the aim of positioning ourselves as the regional capital market hub, confirms our commitment to the Panamanian capital market and the development of our country’s economy. This achievement has been thanks to the support of Nasdaq, the high sense of commitment and teamwork of our employees and the brokers of our stock exchange, who also supported us with their recommendations, feedback, training and time.”
“BVP has shown significant commitment in becoming a central player in positioning Panama as a major capital markets hub in Latin America,” said Carlos Patino, Head of Latin America, Market Technology, Nasdaq. “By launching their exchange on Nasdaq’s matching engine technology, they will be offering the market a world-class matching engine with capabilities to expand, grow and be a key driver of the Panamanian economy.”
Nasdaq's market technology powers more than 250 of the world's market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.
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