Latam Exchanges Data commences operations to promote Market Data business in Latin America
The platform is jointly developed by BME and the Mexican Stock Exchange.
BME, the operator of the Spanish stock exchange and financial systems, and the Mexican Stock Exchange (BMV) today announce the launch of Latam Exchanges Data (LED), a joint initiative which aims to promote the creation, distribution and sale of Latin American Financial Market Data.
Starting today, LED provides its customers with three securities information data products:
- Master Data. A file that includes more than 110 fields with the main characteristics of the securities listed on the financial markets.
- Closing Prices and trading volume. A file that provides end of day, closing prices and traded volume of the region’s securities.
- Corporate Events. Price-sensitive information published by the issuers, including among others, Financial Information, Dividends, Public Offerings, Mergers & Acquisitions and Capital Increases.
LED’s medium-term target is to cover most Latin American financial markets through a strategic roadmap intended to increase and integrate additional sources of information from other countries in the region. At present, LED employs technical and functional professionals with extensive experience and knowledge both of the region’s financial markets and of information dissemination and integration.
In order to support the launch of the service, LED is providing a free trial period to which the world’s main financial and market data providers have already signed up.
The technology that supports the collection, processing and distribution of information was developed by BME. BMV handles the operational processes and customer service at the LED Support Centre in Mexico City, while the Commercial, Administration and Management operations are centralised at LED’s Headquarters in Miami (USA).
