Electronic Stock Exchange Negotiations

The Panamanian Stock Exchange announced the implementation of its new electronic trading system, which operates with Nasdaq Matching Engine technology.

Friday, January 25, 2019

Directors of the institution informed that one of the main objectives of the transformation to its trading system is to position the Panama Stock Exchange (BVP) as the regional hub of the capital market.

Olga Cantillo, CEO of BVP, said to Laestrella.com.pa that "... After the implementation work in 2018, we are very pleased and proud to launch our new Nasdaq negotiation system. It is an important, crucial investment for our strategic plan to position ourselves as the regional hub of the capital market, confirming our commitment to the Panamanian capital market and the development of our country's economy."

Carlos Patiño, Director for Latin America Market Technology at Nasdaq, explained that "... By launching Nasdaq's electronic matching system, the Panamanian stock exchange will offer the market a world-class system with the ability to expand, grow and be a major driver of the Panamanian economy."

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