BT and the Mexican Stock Exchange, part of BMV Group,has 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.
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 it access to the Radianz Cloud community, a ready-to-exploit global marketplace that can help it to accelerate 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.”