BVC leverages SunGard for market data distribution
First Published 25th May 2012
Bolsa de Valores de Colombia certifies SunGard as international market data provider
Philippe Carré, global head of connectivity of SunGards global trading business
"Access to Bolsa de Valores de Colombia's real-time data and brokerage trading connectivity through Exchange members can help SGN members increase their trading efficiencies."
Bogota, Colombia - Bolsa de Valores de Colombia (BVC), the official Securities Exchange of Colombia, has certified SunGard as an international market data provider. SunGard will source market data directly from the exchange and distribute it via the SunGard Global Network (SGN), which provides multi-asset order-routing capabilities for institutional asset managers, hedge funds and broker dealers.
The addition of market data will complement SunGard's existing connectivity in Colombia: BVC certified the SunGard Valdi software platform for Exchange members to use on the BVC trading engine in November 2011.
Maria-Jose Ramirez, commercial vice president at Bolsa de Valores de Colombia, said, "BVC is a trading destination not only for trading participants in Latin America, but increasingly for European and American financial institutions. As a growing player in the international community, BVC can leverage SunGard's technology to help increase our network and improve the reach of our market data globally."
Philippe Carré, global head of connectivity of SunGard capital markets business, said, "Access to Bolsa de Valores de Colombia's real-time data and brokerage trading connectivity through Exchange members can help SGN members increase their trading efficiencies and take advantage of the growth opportunities in this emerging market."