Nasdaq: Nasdaq to Deliver Market Technology to Bolsa de Valores de Panamá

The exchange's new trading engine will be running on the Nasdaq Financial
Framework 

NEW YORK and PANAMA CITY, 2018-01-16 15:01 CET (GLOBE NEWSWIRE) --
Nasdaq Inc. (Nasdaq:NDAQ) and Bolsa de Valores de Panamá (BVP) have signed an
agreement for Nasdaq to deliver matching engine technology via the Nasdaq
Financial Framework architecture to Panama's national stock exchange. BVP will
replace its current technology with a new platform that will allow them to meet
their strategic growth plans and leverage the modular functionality of the
Nasdaq Financial Framework to offer additional services to their members and
clients. 

"Replacing our existing trading software to Nasdaq's technology is a key
component in achieving our strategic goals, our continuing efforts of the
regional integration of the exchanges and position our Exchange as the hub for
capital markets in the region," said Olga Cantillo, Chief Executive Officer,
Bolsa de Valores de Panamá. 

"Panama is one of Latin America's important growth markets and is clearly
committed to creating a liquid, highly sought after ecosystem," said Carlos
Patino, Head of Latin America, Market Technology, Nasdaq. "By leveraging
Nasdaq's next generation technology to run their exchange, BVP will have
numerous opportunities to scale their business, expand their offerings and
solidify their position as an integral driver of future growth in the region." 

Nasdaq's market infrastructure technologies, including trading, real-time risk,
index, clearing, CSD and market surveillance systems are operated in more than
100 marketplaces, regulators, clearinghouses and central securities
depositories across the Americas, Europe, Asia, Australia, Africa, the Middle
East and the Caribbean. 

About Nasdaq

Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing,
exchange technology, listing, information and public company services. Through
its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven technologies
that provide transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock market, its
technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the
world's securities transactions. Nasdaq is home to approximately 3,900 total
listings with a market value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com 

The Bolsa de Valores de Panama (BVP) is one of the leading Latin American
self-regulated exchanges, with a diversified international infrastructure. With
a total market cap of USD 32.9 Billion and over USD 5.3 Billion in total volume
traded at year-end 2017, in addition to a Compounded Annual Growth Rate (CAGR)
of 31.4% from 1990 to 2017, the BVP leverages on Panama's biggest comparative
advantages, such as it's geographical position, the use of the USD as legal
tender and having investment grade since 2010, in order to continue the
development of the local capital market. The capital market represents a
transversal axis that contributes with a diversity of the economy sectors'
development and growth, with 2016 total traded volumes representing 13.4% of
the GDP, an increase of 3.3% when compared with the previous year. To learn
more, visit: http://www.panabolsa.com 

NDAQG

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