Deutsche Boerse has entered a data partnership with Bolsa Mexicana de Valores (BMV Group) that will provide the bank access to Latin America’s second largest exchange operator.
The agreement will enable Deutsche Boerse to license and distribute the market data products of BMV Group to its customer base under a single license agreement.
The cooperation also extends Deutsche Boerse’s global market data distribution capabilities to Latin America.
BMV Group will increase its global distribution footprint, aiming to broaden the flow from European investments into Mexican equities and derivatives markets.
Deutsche Boerse will act as licensor and provide its clients with access to the range of data products offered by BMV Group.
The market data of BMV Group will also be available via Deutsche Boerse’s CEF Core market data feed, facilitating cost-efficient technical access in Europe.
According to Deutsche Boerse, this will cater for clients’ market data needs while reducing administrative requirements and increasing overall efficiency.
BMV Group’s market data offering includes real-time and delayed data. The information product portfolio comprises BMV Group’s trading venues Bolsa Mexicana and MexDer. Index and iNAV market data of BMV Group complete the offering.
Alireza Dorfard, head of data services at Deutsche Boerse, says: “The new collaboration broadens the range of data available to our clients. With BMV Group as a strong partner, clients will now benefit from access to market data derived from the second largest exchange in Latin America.”
José Manuel Allende Zubiri, senior vice president issuers and information at BMV Group, adds: “We are excited about our partnership with Deutsche Boerse. We are certain that the cooperation will open new business opportunities worldwide to the Mexican equities and derivatives markets.”
In March, Deutsche Boerse, Deutsche Bundesbank and Germany’s Finance Agency have developed and successfully tested a settlement interface for electronic securities.
Barclays, Citibank, Commerzbank, DZ Bank, Goldman Sachs and Societe Generale were all involved in conducting the experiment.
