BM&F BOVESPA Contracts NYSE Euronext to Upgrade its Electronic Trading Platform for Equities Markets
NYSE Euronext (NYX) and BM&F BOVESPA announced that NYSE Euronext Advanced Trading Solutions, the commercial technology unit of NYSE Euronext, has been contracted to develop and implement an upgrade of the electronic cash equity and options trading platforms. The NSC platform, which offers world-class latency and an enhanced feature set for market participants, is expected to go live in the first quarter of 2009.
“BM&F BOVESPA is a recognized leader in trading a range of products with customers all over the world,” said Sam Johnson, co-Head, NYSE Euronext Advanced Trading Solutions. “NYSE Euronext Advanced Trading Solutions is proud to be working with BM&F BOVESPA to deploy our latest version of the NSC trading platform that, upon installation, will immediately offer their customers industry-leading micro-second performance and reliability.”
“As we continue to experience strong customer demand and volume growth, we need a technology partner with an exceptional track-record and proven commitment to delivering top-quality technology across asset classes,” said Cicero Vieira, Chief Operating Officer, BM&F BOVESPA. “At BM&F BOVESPA, we are dedicated to ensuring fast, efficient and reliable access to Brazilian markets and we are pleased to continue to meet that objective through our partnership with NYSE Euronext Advanced Trading Solutions.”
BM&F BOVESPA has been utilizing NYSE Euronext Advanced Trading Solutions’ NSC suite to run their trading platform, MEGA BOLSA, since 1997. The new version of NSC, which is also running successfully on Euronext Paris, is the latest upgrade from the previous version of the platform currently running the BM&F BOVESPA cash equity and options markets.
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