BME Helps Bolivia's BBV to Move Away From Outcry Pits Toward Electronic Trading

The rollout is being done in two stages, with fixed income currently being the focus, followed by the implementation of the primary market and trading in other non-standardized securities and repo trades.

The BBV is headquartered in La Paz, Bolivia.

Prior to the launch of Smart BBV, an electronic trading platform, Bolivia's trading was done in open outcry pits. The platform is built on BME's Sibe-Smart matching engine. It has a common base as those built for other markets, and allows for the execution of fixed income, equities and derivatives trades based on the European market model, a spokesperson for BME tells WatersTechnology. "In order to meet customer needs, the platform is adapted to respond to the reality of the different markets