Mercado de Valores de Mendoza (MSX) has signed a 10-year contract with Primary Trading Solutions for the provision and operation of a new FIX-based trading platform.
MSX is the third-largest securities exchange in Argentina, and the only one covering the Andean region, one of the most developed areas in the region.
The MSX also will be the third marketplace provided and operated by Primary in Argentina, joining ROFEX (Rosario Futures Exchange) and MEC (Mercado Electronico de Cambios), which together trade the majority of the futures and options contracts and private interdealer FX business in this country.
“After evaluating several alternatives, we selected Primary as our technology partner to deploy a world class trading platform, which will provide us with efficiency and flexibility for new business development and multiple distribution channels, as well as with the ability to grow and enter other markets,” said Daniel Reig, chairman of the MSX. “Based on Primary’s vast expertise and strong presence in the local market, we are certain this project will be a success.”