In a meeting held with the main personalities of the financial sector, the Stock Exchange and Stock Market of the Dominican Republic (BVRD) presented the new Sebra HT Trading Platform.
The implementation of this platform becomes the first project developed from the strategic alliance between the BVRD and the Stock Exchange of Santiago de Chile (BCS), opening the doors to a capital market with greater liquidity, growth and new business opportunities.
At the event, Elianne Vílchez, executive vice president of the BVRD, stated that the Santiago de Chile Stock Exchange “is the ideal strategic partner, which will allow the Dominican market to be taken to the next level.”
“The Stock Exchange of the Dominican Republic, together with the Santiago de Chile Stock Exchange, we have designed the road map for the development of our market for the coming years”, he added.
Andrés Araya, Clients and Business Manager of the Santiago de Chile Stock Exchange, spoke about the institution’s commitment, based on the transfer of Know-howcapacity building, application of best practices and technology for the strengthening, positioning and consolidation of the Dominican market.
The main functionalities of the Trading Platform were exposed in a discussion where the directors of both stock exchanges participated.
In their speeches, they presented as relevant topics the price formation mechanisms, which enable a more liquid and deeper market; the business opportunities arising from the implementation of the Sebra HT platform; and the strengthening of the technological infrastructure in compliance with the best standards, in terms of architecture, latency and continuity management for the benefit of the entire financial system.
“The strategic alliance between the BVRD and BCS has constituted an unprecedented event that promises to provide important business potential for the institutions involved, by leveraging state-of-the-art technological solutions, the creation of a strategic portfolio for the participants, as well as as the application of the best practices of the capital industry, supported by an avant-garde execution methodology that positions the market as the vehicle that provides national economic development”, they indicated in a press release.
The Stock Exchange and Stock Markets of the Dominican Republic was founded on November 25, 1988. It is a corporation organized under the laws of the Dominican Republic, whose main objective is to provide the necessary services for carrying out transactions with securities, as well as any activity that contributes to the development of the stock market.
The Stock Exchange of Santiago de Chile was founded on November 27, 1893. It is the main stock market operations center in Chile and the third largest in Latin America.
It has received for three consecutive years the recognition of the Stock Exchange America’s most innovative.
