DGAP-News: Bolsa de Valores de Colombia (BVC) Extends Contract With NASDAQ OMX
(firmenpresse) - The NASDAQ OMX Group, Inc.
10.10.2012 15:35
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BVC Marketplace Expansion to Include Energy Contracts Using the X-Stream
Trading Solution, Which Operates Multi-Asset Classes and Multi-Currency Trading
BOGOTA, Colombia, 2012-10-10 15:35 CEST (GLOBE NEWSWIRE) --
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Bolsa de Valores de Colombia
(BVC), the fourth largest stock exchange in Latin America, today announced the
extension of their current technology contract for an additional five years.
This extension is part of BVC's ongoing initiative to continue strengthening
its position in both the regional and international exchange arena.
Since 2007, the relationship between BVC and NASDAQ OMX has been a key
partnership in Latin America for both companies. BVC selected X-stream, used in
more than 22 markets making it the most widely used marketplace system in the
world, to power a new equities trading system and provide the technology to
launch a new derivatives marketplace to enhance BVC's marketplace offerings.
BVC subsequently expanded its marketplace to include energy contracts using the
X-stream trading solution, which operates multi-asset classes and
multi-currency trading.
Juan Pablo Cordoba, President of BVC, said: 'We're thrilled to be using a
platform that allows us to conform to international standards thus making our
equity and derivatives markets attractive to foreign and domestic investors, as
well as raising the bar for our market participants. At 100 percent uptime,
there was no questioning our decision to extend our current contract to
continue running on NASDAQ OMX's X-stream solution.'
Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, said: 'We
couldn't be more pleased to continue our relationship with BVC. BVC is rapidly
becoming a significant exchange not just in Latin America, but the world. It is
a privilege to support the company in its ascension and as NASDAQ OMX continues
its own expansion in Latin America.'
About Bolsa de Valores de Colombia
Bolsa de Valores de Colombia (BVC) is a corporation supervised by the
Superintendencia Financiera de Colombia, operates the trading and registration
platforms for equities, fixed income and derivatives. Also BVC provides listing
services, market data products and other value added services to its clients.
By market size, the BVC is the fourth largest stock exchange in Latin America.
Likewise, the BVC is a listed company since July 2007.
The BVC has investments in companies that are part of the value chain of the
Colombia capital market, among which are: Central Counterparty Risk Clearing
House (CRCC), FX Clearing House (CCDC), Energy Commodities Derivatives Company
(Derivex), FX Trading Company (Integrados FX) and the Colombian Central
Security Depositary Company (Deceval). Currently, the BVC is part of the
Integrated Market of Latin American, MILA, an initiative that, by market
capitalization, is the second largest market in Latin America, and integrated
by the stock markets of Colombia, Peru and Chile. For more information see
en.bvc.com.co. Follow BVC on Twitter ((at) BVCColombia).
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc. fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 25 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.99%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
X-stream and NASDAQ OMX's other products and offerings. We caution that these
statements are not guarantees of future performance. Actual results may differ
materially from those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond NASDAQ OMX's control. These factors include, but are not limited
to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic
reports filed with the U.S. Securities and Exchange Commission. We undertake no
obligation to release any revisions to any forward-looking statements.
NDAQA
CONTACT: NASDAQ OMX Media Contact:
Ryan Wells
(212) 231-5541 (office)
(646) 581-4286 (mobile)
Ryan.Wells(at)NASDAQOMX.com
News Source: NASDAQ OMX
10.10.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US6311031081
WKN:
End of Announcement DGAP News-Service
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