AddThis Social Bookmark Button

Marco Polo Network News

Marco Polo Network and the Bolsa de Comercio de Santiago Develop a Direct Market Access Gateway

NEW YORK, May 5 PRNewswire — Marco Polo Network ("MPN") today announced the first direct electronic execution gateway into the Bolsa de Comercio de Santiago ("BCS").

Marco Polo Network's electronic gateway provides direct market access into the BCS's trading environment and will be deployed within the Bolsa's secure data center. This broker neutral solution will reduce latency, increase trading volumes and provide global investors with the opportunity to trade directly on the Bolsa, all in a real-time electronic environment.

"The emerging markets offer the most exciting potential to generate returns in today's global trading economy. Marco Polo Network is a trusted leader in this field, providing high quality solutions to support the flow of investment into these markets," said Diego Baez, the Chief Executive Officer of Marco Polo Latin America. "Our electronic gateway implementation represents the next step in this evolution — providing the fastest, most stable access into the global markets while increasing transparency and ensuring best execution."

Additionally, MPN will be working with the BCS to further enhance its infrastructure to facilitate the growth of DMA volume. This technical solution along with the growth of the Chilean economy signifies the commitment of the BCS, the Chilean Government and Marco Polo to increase access to the growing Chilean financial markets.

Today's announcement marks the first implementation of Marco Polo's strategic plan to install direct market access gateways in Mexico, Brazil and Colombia which are expected to be completed during the third quarter of 2008.

"The connection between the Bolsa de Comercio de Santiago and Marco Polo Network will allow us to offer a service of global access to our equity trading platform. We are expanding the frontiers of our markets by offering direct access to Chile for foreign brokers and investors," said Jose Antonio Martinez Zugarramurdi, the Chief Executive Officer of Stock market of Santiago.

About Marco Polo Network: Marco Polo Network Inc. is currently the largest independent platform for electronic trading of securities listed and traded on emerging markets exchanges. Founded in 2000, MPN's trading platform allows global investors transparent and cost-efficient electronic access to over 60 local exchanges in 30 emerging markets through a network of over 80 in-country broker dealers. MPN is partially owned by the New York Stock Exchange (NYSE) and the International Finance Corporation (IFC), the private sector arm of the World Bank Group.

Contact: Salvador Palma, Chief Operating Officer, Marco Polo LATAM

tel: + 1 (212) 220-2686, email: chava@marcopolonetwork.com

About Bolsa de Comercio de Santiago (BCS): The BCS, founded in 1893, is currently the largest stock exchange in Chile. It holds over 85% of the market share in equities. During 2007, the average daily volume surpassed 195 million US dollars while executing nearly one million transactions.

Contact: Gonzalo Ugarte, Chief Research & Development Officer, Bolsa de

Comercio de Santiago

tel: + 56 (2) 3993854, email: gugarte@bolsadesantiago.com

SOURCE Marco Polo Network

Search Our News Using Google Search

Can't find what you want? Try using Google:

Google