07.27.2018

Exchanges Promotes Market Data In Latin America

07.27.2018

BME and Bolsa Mexicana de Valores (BMV) announced the creation of a joint venture to promote the Market Data business in Latin America.

The objective is to foster the generation, dissemination and sale of market data about Latin American securities markets.

The first stage involves the creation of two companies. The first, in which 51% of its stock capital corresponds to BME Market Data, will be incorporated in Miami (United States). The second company will be headquartered in Ciudad de Mexico and 51% of its share capital corresponds to BMV.

The maximum investment will be 10 million dollars.

The creation of these two companies is aimed at establishing – with the possible future participation of Latin America’s main stock exchanges – a market data distribution platform with the highest automation and processing levels.

Source: BME

Related articles

  1. Exchange group reported its best second quarter, following a record first quarter.

  2. Institutions can manage their bitcoin exposures in existing portfolio management and trading workflows.

  3. Enabling a straight through process reduces operational complexity.

  4. The new zero-footprint datafeed removes the need for dedicated market data infrastructure and equipment.

  5. A robust sector taxonomy helps recognize similarities between digital assets which lead to correlated returns.