Latin American exchanges adapt global practices to meet the needs of domestic and foreign investors.
» ...we’ve been hearing about how markets such as China and India will have a lot to offer in the future, but México has a lot to offer now.« Jorge Alegría, CEO of Mercado Mexicano de Derivados
»There is a tremendous amount of interest in regional alliances.« Matthew Sullivan, director of markets and strategy at the Bolsa Nacional de Valores (BNV) in Costa Rica
Bolsa de Valores de Colombia (BVC) wants to position itself as a major market in Latin America catering to both the domestic and international investment community.
BVC has decided to enter the derivatives marketplace as a way to solidify its position as a major market in Latin America. With strong demands for futures and options, BVC understands that if it doesn't offer these instruments in Colombia, the business would go elsewhere.
»It's very important for us to reach retail investors and make it easy for them to access the BVC.« Juan Pablo Córdoba, CEO of Bolsa de Valores de Colombia (BVC).
In the fallout from the subprime crisis, exchanges have an opportunity to inject transparency into the fixed income market.
»In the future, exchanges can play a key role in creating liquid markets as well as collecting and publishing fixed income trade data.«
Exchanges are upgrading their infrastructure to deliver speed, performance, capacity and fast market data dissemination.
»...we believe this is just a fraction of the amount of algo trading that could come to our marketplace.«
All eyes are on the US equity options market as exchanges and market participants evaluate the Penny Pilot. Some view the program as a great success, but there are still significant issues to be worked out.
The European Commission’s Markets in Financial Instruments Directive (MiFID), which went into effect last November, represents a significant change for Europe’s capital markets.
My view by Ludovic Aigrot, Head of EU Affairs, OMX
The European Central Bank’s Target2-Securities initiative can deliver increased competition and price transparency. But there is still some way to go in this debate.
January, 2008
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Published quarterly by NASDAQ OMX and distributed to key players in the exchange industry worldwide, MarketView covers trends and developments in the field through interviews with market leaders and expert commentary.