Panama stock exchange tips its hat to Nasdaq tech
Bolsa de Valores de Panamá (BVP) has opted for Nasdaq to deliver matching engine technology via the Nasdaq Financial Framework architecture to the national stock exchange.
Olga Cantillo, chief executive officer, Bolsa de Valores de Panamá, says replacing its existing trading software with Nasdaq’s technology is a “key component in achieving our strategic goals, our continuing efforts of the regional integration of the exchanges and position our exchange as the hub for capital markets in the region”.
Nasdaq says its market infrastructure technologies, including trading, real-time risk, index, clearing, central securities depositories (CSD) and market surveillance systems are operated in more than 100 marketplaces, regulators, clearing houses and CSDs across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.
BVP has a total market cap of $32.9 billion and over $5.3 billion in total volume traded at year-end 2017, in addition to a compounded annual growth rate (CAGR) of 31.4% from 1990 to 2017.
