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Bolsas y Mercados Españoles overhauls Bolivia’s trading platform

Bolsas y Mercados Españoles (BME), the Spanish stock market operator, has together with the Bolivian stock exchange Bolsa Boliviana de Valores (BBV) launched a new version of the SMART BBV trading platform.

In a move to reaffirm its commitment to market infrastructures in Latin America, BME has together with the BBV designed and developed an upgraded platform which allows the exchange to increase functionalities and implement new mechanisms.Bolsas y Mercados Españoles (BME) logo

The new solutions in the SMART BBV platform will allow for full electronic trading and will now also include secondary market’s products, currently traded under the Double Competitive Auctions model in multilateral fixed income trading – buying and selling repos.

In the announcement, BME also unveiled the “Operator Assistant” role within Operator Terminals, as well as a new interface based on the FIX protocol, which allows greater connectivity between market participants.

With the new SMART BBV, the Bolivian exchange said it confirms its trust in BME to “consolidate the technological and functional modernisation of its financial instrument markets, both in the implementation and in the maintenance and support work”.

The BME noted that its commitment to Latin American infrastructure is in the context of its internationalisation process. The company is one of the four major European stock exchange and market operators.

It operates all stock markets and financial systems in Spain, and also provides global market access systems to issuers, intermediaries and investors in Europe, America and Africa.

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