SunGard has been certified to offer access to the Bolsa de Valores de Colombia (BVC), the official Colombia Securities Exchange based in Bogota. BVC is the sixth Latin American market to be supported by SunGard’s Valdi trading solutions, which facilitates trading on more than 170 markets worldwide. The multi-asset class Valdi platform already offers access to equities and derivatives markets in Brazil, Chile and Mexico.
BVC currently offers trading in equities, fixed income, derivatives and structured products; it was one of the ten best performing exchanges worldwide in 2010 with a 33.6% growth rate (source: World Federation Of Exchanges, 2010 Market Highlights, January 26, 2011). International investors are increasingly interested in the Latin American markets and Colombia is becoming particularly attractive due to political stabilization, increased exploitation of natural resources and the resurgence of a strong domestic industrial sector.
BVC’s certification of Valdi for trading on its stocks and derivatives markets will help SunGard offer its full range of electronic trading capabilities, which includes program and algorithmic trading and multi-exchange order routing, to financial institutions interested in the Colombian market. Through the Mercado Integrado Latino Americano (MILA) initiative, investors and brokers in Colombia will also be able to access other Andean Exchanges, Bolsa de Comercio de Santiago and Bolsa de Valores de Lima.
Juan Pablo Córdoba, president of Bolsa de Valores de Colombia, said, “It is important for the Bolsa de Valores de Colombia to facilitate access to its marketplace through collaborations with international technology providers such as SunGard. We are confident that SunGard will help us expand our global reach by providing electronic trading tools to investors looking to participate in the Colombian markets, helping us grow our business.”
Philippe Carré, global head of connectivity of SunGard’s global trading business, said, “SunGard is committed to helping Latin American trading firms capitalize on the change and growth in the region by providing firms with cost-effective trading software, market data, global connectivity, risk management solutions and low latency execution services. We are delighted to add Colombia to the markets we connect to in Latin America to help our customers expand their businesses.”