SCIENCE
Grupo Bolsa Debuts NYSE Technologies Common Customer Gateway FIX Platform
NYSE Technologies has 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.