BME and Bolsa Mexicana de Valores (BMV) announced the creation of a joint venture to promote the Market Data business in Latin America.
BME and Bolsa Mexicana de Valores join forces to promote the market data business in Latin Americahttps://t.co/pr7MINHZNN
— BME (@GrupoBME) July 26, 2018
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
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
The exchange is picking up the pace of migrating datasets onto the Microsoft platform.
-
As settlement accelerates, firms are looking closely at their post-trade processes.
-
FINRA has begun disseminating individual transactions in active U.S. Treasuries at the end of the day.
-
The acquisition enhances SIX's data offering and expands its global fixed income footprint.
-
The partnership accelerates the time-to-market for the delivery of customized solutions.