FiNETIK – Asia and Latin America – Market News Network

Asia and Latin America News Network focusing on Financial Markets, Energy, Environment, Commodity and Risk, Trading and Data Management

Mexico: BMV incorporates into MILA (Mercado Integrado Latino Americano)

Ciudad de México, diciembre 03, 2014.- La incorporación de México al Mercado Integrado Latinoamericano (MILA) es un hito trascendental para el mercado mexicano, destacó la Secretaría de Hacienda y Crédito Público (SHCP).

Apuntó que esta incorporación es resultado de la reforma financiera promulgada el 10 de enero pasado y del trabajo coordinado de las autoridades y el gremio bursátil, en beneficio de todos los participantes del sistema, así como de la sociedad mexicana en su conjunto.

La dependencia federal señaló en un comunicado que este martes se realizó la primera operación en el MILA a través de la Bolsa Mexicana de Valores (BMV), lo cual fue posible gracias a la reforma financiera.

Además, indicó, con base en la implementación de su regulación secundaria realizada por la SHCP, la Comisión Nacional Bancaria y de Valores (CNBV) y demás autoridades financieras, así como en los trabajos de cooperación entre las bolsas de valores y las casas de bolsa de los países miembros.

Refirió que los sistemas tecnológicos y operativos del MILA en México se encuentran en funciones, y por su parte el S.D. Indeval, Institución para el Depósito de Valores, ha realizado las gestiones necesarias para conectarse a los otros depósitos de valores del MILA.

En paralelo, añadió la Secretaría de Hacienda, se firmaron acuerdos recíprocos y se realizaron pruebas de conectividad para que la operación se lleve a cabo de forma segura y eficiente.

Con esto los mercados de Colombia, Chile y Perú quedan habilitados a partir de esta fecha para operar en el mercado mexicano a través de un intermediario local, realizando intercambios operativos en todos los sentidos.

Resaltó que la incorporación de México al MILA significa que los inversionistas mexicanos tendrán acceso a más de 780 valores listados, además este mercado integrado abre una ruta franca, disponible a los inversionistas de los países miembros, para invertir en valores mexicanos.

De acuerdo con la Federación Mundial de Bolsas (WFE), con la incorporación de México el MILA se convierte en el primer mercado en América Latina por número de compañías listadas y valor de capitalización bursátil, expuso.

Indicó que en el MILA se operarán, a través de la BMV, todos los servicios de los mercados de acciones y derivados, incluyendo el listado de acciones, títulos de deuda, Certificados de Capital de Desarrollos (CKDs) y Fideicomisos de Infraestructura y Bienes Raíces (Fibras).

Asimismo se ofrecerán plataformas electrónicas de negociación para acciones, derivados financieros, operaciones de renta fija y derivados over the counter (OTC), además de acceso por medio de una orden de ruteo al mercado de derivados más grande del mundo, el Chicago Mercantil Exchange (CME).

Del mismo modo se liquidarán y compensarán todas las operaciones a través de contrapartes centrales y se ofrecerán servicios de custodia, abundó la dependencia federal.

Source: Mexican Business Web, 03.12.2014

Filed under: BMV - Mexico, Chile, Colombia, Exchanges, Latin America, Mexico, Peru, , , , , , , , , , , ,

Fidessa explores the development of electronic trading in Latin America

Fidessa group plc , provider of high-performance trading, investment management and information solutions for the world’s financial community, has today announced the publication of a white paper, Life in the fast lane: the development of electronic trading in Latin America. The paper explores the current trading landscape in Brazil, Mexico and the Andean region, and how recent technology and regulatory developments will affect domestic and international brokers trying to establish a rewarding position in these fast-paced markets.

White paper looks at market growth and trading technology in Brazil, the Andean region and Mexico

To highlight the unique trading conditions, market challenges, technology and regulatory changes shaping each market, Fidessa’s white paper considers specific regions in Latin America individually: from the extreme growth of Brazil as a strategic trading destination, to upgrades being made to Mexico’s trading infrastructure as well as the Andean region’s efforts to boost liquidity and exploit economies of scale. The paper explores the challenges presented by Latin America’s varying stages of growth as an electronic marketplace and concludes that flexibility, agility and scalability will be key attributes of the technology solution.

Alice Botis, Fidessa’s Head of Business Development in Latin America comments: “Latin America is attracting significant interest from global market participants and this shows no signs of stopping. Brokers are looking at the unique benefits each country has to offer and are taking the necessary steps to gain a presence in multiple locations across the region, in financial centers such as Brazil, Chile, Colombia, Mexico and Peru. Each country retains its unique style of trading, so it is important for buy-side and sell-side firms to understand how the marketplace is evolving in each region within Latin America and how those developments fit in with their local and global trading strategies.”

Source: Bobsguide, Fidessa 12.07.2012

Filed under: Brazil, Chile, Colombia, Latin America, Mexico, News, Peru, , , , , , , , , , , , , , , , , , , ,

SunGard Opens Trading Network Hub in Chile

SunGard has established a SunGard Global Network (SGN) hub in Santiago, Chile. SGN provides global order routing, market data and associated services on 120 markets worldwide, linking 2000 asset managers and 500 broker dealers. The Santiago hub, SunGard’s third in Latin America after Mexico City and Sao Paulo, will provide international investors with access to Bolsa de Comercio de Santiago (BCS), Chile’s equity and derivatives exchange. In addition, financial institutions in Chile will be able to access the SGN brokerage community.

SunGard will also offer Valdi Market Access to Chile, which delivers Software-as-a-Service* (SaaS) based connectivity to markets worldwide through SGN. This direct market access service gives exchange members and their clients the ability to trade on electronic markets from any application connected to SGN. It is fully managed by SunGard, helping reduce their infrastructure and support costs. For Bolsa de Comercio de Santiago (BCS), the Valdi Market Access servers will be directly co-located at the exchange, offering low latency services.

Mr. Andres Araya Falcone, chief information officer of the Bolsa de Comercio de Santiago, said, “Chile continues to grow, and the region is focused on being an important player in the global economy. SunGard is supporting this growth by providing electronic trading solutions and global connectivity to market participants in Chile, which will help our exchange members find new investment opportunities. In facilitating exchange connectivity, this should also help attract new firms to the Bolsa de Comercio de Santiago.”

Danielle Tierney, an analyst at Aite Group, said “Opening a new hub in Santiago is a very strategic placement for SunGard. Santiago is the third largest individual exchange in Latin America by market capital and volume, in addition to being a part of the MILA integration of the Andean exchanges. By establishing this additional point of connectivity, SunGard has essentially made its SGN hub into a pan-LatAm offering.”

Philippe Carré, global head of connectivity of SunGard’s global trading business, said, “SunGard’s Valdi and SGN address the connectivity and execution challenges of trading multiple asset classes on multiple markets. SunGard already offers Valdi and SGN solutions in Argentina, Brazil, Chile, Colombia, Mexico and Peru, helping traders in Latin America access new markets and diverse liquidity, as well as helping international traders access Latin America markets.”

Source: A-TEAM Electronic Trading, 13.12.2011

Filed under: Argentina, Brazil, Chile, Colombia, Latin America, Mexico, News, Peru, Trading Technology, , , , , , , , , , , , , , , ,

Chile: Bolsa Electronica de Chile chooses NASDAQ OMX for New Trading System and Strategic Alliance

The NASDAQ OMX Group and Bolsa Electronica de Chile (BEC) today signed a strategic alliance which will provide BEC with the NASDAQ OMX market technology, exchange trading, and advisory services for product development and global visibility.

BEC and its members will benefit from significant enhancements in performance, latency and throughput capacity by shifting to NASDAQ OMX’s proven exchange technology. BEC members will remain connected via the FIX trading protocol for a seamless system shift. NASDAQ OMX market technology is used by over 70 exchanges in 50 countries.

Through the strategic alliance, NASDAQ OMX will advise BEC on their efforts to cross-list shares, develop new indices, improve existing indices and begin a case study to create peso-dollar futures for trading on NASDAQ OMX exchanges. Also, NASDAQ OMX will provide global visibility resources for promotion and marketing.

Fernando Canas, President of BEC, said: “NASDAQ OMX market technology will open the doors to achieve real interconnection for investors who wish to enter the Chilean marketplace and the advisory services will help us create new instruments for investors around the world.

“Our alliance with NASDAQ OMX will support areas of BEC strategic development like technology implementation and partnerships for new products.”

Lars Ottersgard, Senior Vice President NASDAQ OMX Market Technology, commented: “We are extremely proud of our alliance with Bolsa Electronica de Chile, who shares our vision of innovation through electronic markets.

“Together, BEC and NASDAQ OMX will build a community of participants, issuers and investors in Latin America who seek an efficient marketplace and innovative products.”

Source: A-TEAM 21.10.2011

Filed under: Chile, Exchanges, Trading Technology, , , , , ,