The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Colombian Exchange -- Bolsa de Valores de Colombia (BVC) -- achieved a significant milestone this week with the launch of BVC's new market for derivatives, based on a trading engine provided by NASDAQ OMX. The new trading platform, which later this year will also encompass cash equities, is part of BVC's ongoing initiative to grow its position in the South American exchange market.
"This successful launch is a critical step in enhancing our offer to both South American and international investor communities," said Juan Pablo Cordoba, President BVC. "Implementation of NASDAQ OMX's trading engine allows both retail and institutional investors to execute orders more securely and efficiently. In addition, the system provides scalability for future volume increases, as well as the flexibility to quickly introduce new products."
The system that NASDAQ OMX delivers to BVC offers a high-speed, low-latency platform, and is designed to support fast introduction of new trading products and services. It also enables high capacity limits to meet the needs of algorithmic and high-velocity traders.
"This launch truly symbolizes BVC's commitment to become a leading exchange in South America," said Markus Gerdien, Executive Vice President NASDAQ OMX Market Technology. "BVC has invested in a world-class, state-of-the-art solution that will align them with international standards and put them in a prime position to grow liquidity and attract international capital."
