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BVP Launches Nasdaq’s Matching Engine-Based mostly Buying and selling Platform

Panamanian inventory alternate Bolsa de Valores de Panamá (BVP) has launched a brand new buying and selling platform primarily based on Nasdaq’s matching engine expertise.

Nasdaq’s expertise will enable the alternate to leverage the modular performance to supply further companies to its shoppers and thus assembly its strategic development plans, in accordance with BVP.

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Commenting on this improvement, Olga Cantillo, CEO of BVP, stated: “After the implementation work throughout 2018, we’re very happy and proud to launch our new Nasdaq matching engine buying and selling system. This essential funding, essential for our strategic plan with the goal of positioning ourselves because the regional capital market hub, confirms our dedication to the Panamanian capital market and the event of our nation’s financial system.”

“This achievement has been due to the assist of Nasdaq, the excessive sense of dedication and teamwork of our staff and the brokers of our inventory alternate, who additionally supported us with their suggestions, suggestions, coaching and time,” she added.

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Nasdaq’s expertise is at present utilized by greater than 250 monetary establishments together with broker-dealers, exchanges, clearinghouses, central securities depositories and regulators in 50 nations.

The US-based fintech big is increasing its enterprise across the globe. Final 12 months, Nasdaq tied up with SIX, a serious supplier of clearing companies in Europe, to offer danger administration companies. It additionally acquired Cinnober, a Swedish fintech supplier to brokers, exchanges, and clearinghouses.

“BVP has proven important dedication in turning into a central participant in positioning Panama as a serious capital markets hub in Latin America,” stated Carlos Patino, Nasdaq’s head of market expertise in Latin America. “By launching their alternate on Nasdaq’s matching engine expertise, they are going to be providing the market a world-class matching engine with capabilities to broaden, develop and be a key driver of the Panamanian financial system.”

Sustainable Inventory Alternate

Final 12 months, BVP introduced that it’s going to observe the steps below the Sustainable Inventory Exchanges (SSE) initiative launched by the Secretary-Basic of the United Nations in 2009. It turned the eighth Latin American nation to observe the initiative.

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