Deutsche Börse and Bolsa Mexicana de Valores (BMV Group) have entered a cooperation that will provide Deutsche Börse with access to Latin America’s second largest exchange operator, the Frankfurt-based company announced on Tuesday (April 20).
The cooperation enables Deutsche Börse to license and distribute the market data products of BMV Group to its customer base under a single licence agreement, extending Deutsche Börse’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.
“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” Alireza Dorfard, Head of Data Services at Deutsche Börse, said.
For his part, José Manuel Allende Zubiri, Senior Vice President Issuers and Information at BMV Group, commented: “We are excited about our partnership with Deutsche Börse. We are certain that the cooperation will open new business opportunities worldwide to the Mexican equities and derivatives markets.”
Deutsche Börse will act as licensor and provide its clients with access to the full range of data products offered by BMV Group. Additionally, the market data of BMV Group will be available via Deutsche Börse’s CEF Core market data feed, facilitating a cost-efficient technical access in Europe. As such, it 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 of BMV Group’s trading venues Bolsa Mexicana (spot market) and MexDer (derivatives market). Index and iNAV market data of BMV Group complete the offering.
BMV Group is a public company since 2008 with 125 years of experience. Deutsche Börse is a joint stock company and was founded in 1993 but the roots of the Frankfurt Stock Exchange, known in German as FWB Frankfurter Wertpapierbörse, trace back to the 11th century when many medieval trade fairs were held in the city.