New Mexican Exchange BIVA Selects Nasdaq for Trading, Surveillance Tech

Second national exchange announced it will implement Nasdaq’s X-stream and Smarts.

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Santiago Urquiza, chairman of Cencor

BIVA, which is currently seeking final approval from Mexico’s Ministry of Finance, is looking to become Mexico’s second stock exchange, joining mainstay Bolsa Mexicana de Valores (BMV).

Santiago Urquiza, chairman of Cencor, tells WatersTechnology that Cencor initially considered having the firm’s in-house IT division, CapitalStar Systems, build the trading platform. However, after consideration, Urquiza says the decision was made to portion out various components of the BIVA platform with

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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