OMX has signed an agreement with Bolsa de Valores de Colombia (BVC) to provide a new trading system to enhance the BVC’s IT infrastructure.
OMX will be the system provider for the license, customisation, implementation and support of BVC’s new trading system, which will be used for derivatives and cash equities.
“It is an honour to be selected as BVC’s technology partner as it grows into a world-class exchange and continues to strengthen its position in Latin America,” gushes Markus Gerdien, president of business area market technology at OMX.
“We look forward to benefiting from OMX’s extensive knowledge and experience in implementing and operating market technology solutions globally as well as the opportunity to interact more with our exchange colleagues around the world as part of the OMX exchange community,” says Juan Pablo Cordoba Garces, president of Bolsa de Valores de Colombia.
The Bolsa de Valores de Colombia was formed in 2001 as a national exchange by combining the stock exchanges of Bogota, Medellin and Occidente. The exchange currently operates cash equities and fixed income markets and plans to launch a derivatives market shortly.