--Offering Up to 23% and 60% Faster Connections to BMV and MexDer Exchanges, Respectively--
Grupo Bolsa Debuts NYSE Technologies Common Customer Gateway FIX Platform
NEW YORK, October 6, 2010 – NYSE Technologies, the global commercial technology unit of NYSE Euronext, and Grupo Bolsa today announced that the cash market operated by the Mexican Stock Exchange, BMV, and the derivatives market operated by MexDer have successfully completed the rollout of the NYSE Technologies Common Customer Gateway (CCG). As the NYSE Technologies flagship FIX connectivity solution, CCG offers robust and scalable connectivity to customers with one common front end, enhancing speed and efficiency in trading across markets and asset classes.
“NYSE Technologies is very pleased to work with Grupo Bolsa to install our industry-leading Common Customer Gateway platform for its core Mexican exchanges,” said Stanley Young, CEO of NYSE Technologies. “We developed CCG to unlock efficiencies and streamline the process for customers placing orders across exchanges and asset classes. We are confident that clients trading on BMV and MexDer will immediately see the benefits of the CCG platform and having one consistent point of access for Grupo Bolsa’s diverse exchange operations.”
CCG provides Grupo Bolsa’s clients with a clear, uniform entry point for the BMV cash and MexDer derivates exchanges, offering greatly increased efficiency and user-friendliness in accessing its multi-asset exchanges. The implementation of CCG required close technical cooperation between Grupo Bolsa and NYSE Technologies that yielded substantial enhancements in overall performance, including a latency decrease of approximately 23% for BMV and approximately 60% for MexDer.
"Obtaining the benefits of implementing CCG is an important milestone in our technology evolution plan and provides tangible benefits to our customers. It makes our markets more attractive and lowers the barriers of entry for overseas market participants,” said Enrique Ibarra, Adjunct General Manager of the Technology division of Grupo Bolsa.
As a key part of the extensive technology improvement initiative planned for the first quarter of 2012, the NYSE Technologies CCG FIX platform precedes the implementation of a new ultra-low latency trading engine currently under development by the technology division of Grupo Bolsa. This new platform will offer customers a truly next-generation order execution and messaging platform with greatly improved speed, capacity and functionality.
About NYSE Technologies
A subsidiary of NYSE Euronext (NYX), NYSE Technologies provides comprehensive transaction, data and infrastructure services and managed solutions for buy-side, sell-side and exchange communities that require next-generation performance and expertise for mission critical and value-added client services. NYSE Technologies operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S. , Europe, and Asia , NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: www.nyse.com/technologies.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2009 ("document de référence") filed with the French Autorité des Marchés Financiers (Filed on April 22, 2010 under No. D.10-0304), 2009 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.