The Mexican Stock Exchange Eyes Global Growth with BT

The Mexican Stock Exchange Eyes Global Growth with BT

New contract extends the existing relationship, giving The Mexican Stock Exchange, global reach via the BT Radianz Cloud.

BT and the Mexican Stock Exchange, part of BMV Group, today announced the signing of a new contract that will make it easier for global investors, market data vendors and service providers to access Mexico’s financial markets. The deal will enable BT to distribute the latest BMV multicast feeds over the BT Radianz Cloud, one of the world’s largest secure financial markets cloud communities.

The Mexican Stock Exchange is one of the largest and longest established stock and derivatives exchanges in Latin America. Its contract with BT furthers its strategy to expand its global coverage by giving its access to the Radianz Cloud community, a ready-to-exploit global marketplace that can help it to accelerate its international growth.

The Radianz Cloud community consists of thousands of brokers, institutions, exchanges and clearing and settlement houses. Through a single, resilient and secure network connection engineered for the exacting demands of the international financial markets industry, members can reliably access thousands of applications and services from more than 400 providers critical to the every-day running of the global financial sector.

José Manuel Allende, senior vice president of issuers and information for BMV Group, said: “Mexico is a growing market and one that international investors are increasingly seeking to access. We’ve made it easier for them to reach us by joining the Radianz Cloud. This gives us a new secure and reliable distribution channel to deliver our broad set of equities and derivatives market data feeds to institutions globally. It creates opportunities for growth in our international customer base and expands our global footprint.”

Michael Woodman, managing director, Radianz, BT, said: “Today’s agreement is a great example of how BT continues to invest in the Radianz Cloud to expand its reach and the scope of services available to its community members. Furthermore, it will help grow trading activity and investment into and out of Mexico in a way that can lead to a more vibrant market, promoting the country as a global financial hub.”

BMV Group is a fully integrated exchange group that operates cash, listed derivatives and OTC markets for multiple asset classes, including equities, fixed income and exchange traded funds. Their services also include custody, clearing and settlement facilities as well as data products for the local and international financial community. BMV Group is the second largest stock exchange in Latin America, with a total market capitalization exceeding US $530 billion.