Bolsa de Valores de Lima S.A. (BVL), the Peruvian stock exchange, has selected the SunGard Global Network as a distribution channel for its data.
SunGard aims to assist BVL reaching a broad international audience by delivering its real-time market data and multi-asset class historical data and analytics to asset managers and brokers worldwide. Those firms will also be able to route orders to the exchange via SunGard, contributing to activity on BVL.
Philippe Carré, global head of connectivity of SunGard’s capital markets business, said: “We are seeing increased demand for direct connectivity to Latin America as the debt crisis drives international investors to seek alternatives to western Europe and US markets. The SunGard Global Network makes it easy to route orders and access real-time, high quality data.”
Peru is expected to be Latin America’s fastest growing economy in 2012, according to its Economy and Finance Minister. US Department of State figures show that its economic growth averaged seven per cent a year from 2003 to 2010, due in large part to market-oriented economic reforms and privatization, as well as high international prices for the country’s largest commodity exports.
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