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CameronTec selected for testing Peruvian Exchange Millennium platform

First Published 23rd September 2014

Exclusive deal as Bolsa de Valores de Lima readies for market expansion.

Chicago - CameronTec Group, the provider of financial messaging infrastructure and tools for the Capital Markets industry, has announced the Peruvian Exchange, Bolsa de Valores de Lima (BVL), has selected VeriFIX automated testing tools to optimize trading opportunities available on its new Millennium trading platform.

As one of Latin America's fastest growing economies, Peru's stock market is of increasing interest to the worldwide investment community looking beyond European, Asian or US markets, for direct connectivity to BVL.

Tulio Freire, CIO at Bolsa de Valores de Lima, says: "Since the launching of MILA in May 2010, we have been using VeriFIX and the capabilities of this tool for automatic testing. For our new Millennium trading platform we have secured additional VeriFIX licenses to handle additional standard protocols such as ITCH. As we enter our next growth phase, we are pleased to leverage CameronTec's solutions to achieve greater trading efficiencies and business insight."

The VeriFIX solution for BVL includes a simulated market test environment for accelerated trading system testing, and complete stress tool for performance testing.

Peter Mott, VP Americas for CameronTec Group, says: "Following Bolsa de Valores de Lima migration to the Millennium exchange platform, essential to building any successful trading offering is the ability to maximize efficient workflow. CameronTec is pleased to be making further inroads into the LATAM market and working with BVL to provide the robust and scalable testing technology designed to deliver the best market opportunities for local and international trading communities wishing to connect to the Peruvian market."