The BBVA Group, one of the largest banking organizations in the world, already connects to markets in Europe and Asia using SGN, a low-latency information and order routing network that links more than2,000 buy-side firms and 500 brokers on 110 markets. SGN can support BBVA to extend its global strategy by providing the groupâs clients with access to new investment opportunities in Mexico.
In addition, SunGard's gateways give BBVA Bancomer access to the new trading engines used by the two exchanges - BMV's new RINOâ¢ and MexDerâs new MEXFIXâ¢ engines respectively. Finally, SunGardâs GL Stream OMS and multi-asset GL Win workstations help the bank handle multiple client order flows and create new, complex trading strategies.
JosÃ© Acebes, global equities executive director for wholesale banking and asset management at BBVA, said, "SunGard's solutions helped us to manage order flow from other BBVA offices more efficiently, while offering advanced trading services on the Mexican cash and derivatives exchanges. Our membership in the SGN community is supporting our local connectivity across the world, and is aiding our growing business in Mexico.â
Yassine Brahim, president of SunGard's global trading business, said, "Mexican markets are among the most sophisticated in Latin America. Thanks to recent regulatory and technological changes, these markets are due to attract new investors and high-frequency trading firms. SunGardâs strategy to open local offices and launch new SGN hubs in the region, while developing access to new markets such as Chile, Colombia and Peru, helps support customers such as BBVA in their global strategies."