NEW YORK and PANAMA CITY, Panama, Jan. 23, 2019 (GLOBE NEWSWIRE) -- Nasdaq Inc. (Nasdaq:NDAQ) and Bolsa de Valores de Panamá (BVP) have announced that BVP has successfully gone-live with its new trading system. The system is operating on Nasdaq matching engine technology, allowing BVP to meet their strategic growth plans and leverage the modular functionality to offer additional services to their members and clients.
“After the implementation work during 2018, we are very pleased and proud to launch our new Nasdaq matching engine trading system,” said Olga Cantillo, CEO, Bolsa de Valores de Panamá. “This important investment, crucial for our strategic plan with the aim of positioning ourselves as the regional capital market hub, confirms our commitment to the Panamanian capital market and the development of our country’s economy. This achievement has been thanks to the support of Nasdaq, the high sense of commitment and teamwork of our employees and the brokers of our stock exchange, who also supported us with their recommendations, feedback, training and time.”
“BVP has shown significant commitment in becoming a central player in positioning Panama as a major capital markets hub in Latin America,” said Carlos Patino, Head of Latin America, Market Technology, Nasdaq. “By launching their exchange on Nasdaq’s matching engine technology, they will be offering the market a world-class matching engine with capabilities to expand, grow and be a key driver of the Panamanian economy.”
Nasdaq's market technology powers more than 250 of the world's market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://business.nasdaq.com.
About Bolsa de Valores de Panama
The Bolsa de Valores de Panama (BVP) is one of the leading Latin American self-regulated exchanges, with a diversified international infrastructure. With a total market cap of USD35.2 billion and over USD6.1 billion in total volume traded at year-end 2018. The BVP has an integrated market with Bolsa de Valores de El Salvador and has traded over $81MM since its launch in May 2017. The BVP has an iLink with Euroclear, through its sister company, Central Latinoamericana de Valores, S.A. for government and quasi government securities since 2014. The BVP leverages on Panama’s biggest comparative advantages, such as it’s geographical position, the use of the USD as legal currency and having investment grade since 2010, in order to continue the development of the local capital market. The capital market represents a transversal axis that contributes with a diversity of the economy sectors’ development and growth. To learn more about the stock general information, statistics, performance, press releases and more, visit: www.panabolsa.com
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