BVP Launches Nasdaq’s Matching Engine-Based Trading Platform

Panamanian stock exchange Bolsa de Valores de Panamá (BVP) has launched a new Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term based on Nasdaq’s matching engine technology.

Nasdaq’s technology will allow the exchange to leverage the modular functionality to offer additional services to its clients and thus meeting its strategic growth plans, according to BVP.

Commenting on this development, Olga Cantillo, CEO of BVP, said: “After the implementation work during 2018, we are very pleased and proud to launch our new Nasdaq matching engine trading system. 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,” she added.

Nasdaq’s technology is currently used by more than 250 financial institutions including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators in 50 countries.

The US-based fintech giant is expanding its business around the globe. Last year, Nasdaq tied up with SIX, a major provider of clearing services in Europe, to provide Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term services. It also acquired Cinnober, a Swedish fintech provider to brokers, exchanges, and clearinghouses.

“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, Nasdaq’s head of market technology in Latin America. “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.”

Sustainable Stock Exchange

Last year, BVP announced that it would follow the steps under the Sustainable Stock Exchanges (SSE) initiative launched by the Secretary-General of the United Nations in 2009. It became the eighth Latin American country to follow the initiative.