Bolsa Institucional de Valores (BIVA) will use the popular X-stream Trading system, SMARTS surveillance.
(Photo: Bloomberg)
Bolsa Institucional de Valores (BIVA), the new Mexican bourse, will adopt Nasdaq’s (NASDAQ:NDAQ) X-stream Trading technology along with the US Exchange ’s SMARTS surveillance service, the two companies said in a press release.
Alternative bourse should improve market
This is Mexico’s second exchange and its appearance on the financial market scene is part of the ongoing financial reform in the country. Awaiting the approval of the Mexican Finance Ministry, BIVA is expected to contribute to the Liquidity pool in the country’s financial market, boost technological innovation, and ensure market continuity. The alternative venue is also hoped to encourage more companies to float. All securities currently traded on Mexico’s only existing exchange will become tradable on BIVA once it goes live and in the future companies will get to pick which bourse they want to be listed on.
Proven trading, surveillance systems seen to improve liquidity
X-stream is, according to the statement, the most widely used trading technology globally, with more than 30 exchanges among its clients. Overall, fintech developed by Nasdaq is in use by more than 100 bourses across the world, with services including, trading, clearing, central securities depository (CSD), and market surveillance.
The Chief Executive Officer of the new Mexican exchange, Fernando Perez Saldivar, said: "We see this new partnership with Nasdaq as a crucial part of successfully launching BIVA and giving Mexico's financial sector the boost of liquidity and world-class technological infrastructure it absolutely deserves."
“X-stream and SMARTS will enhance BIVA’s international credibility”
Nasdaq’ s Executive Vice President and Head of Market Technology Lars Ottersgård, for his part, commented: "Nasdaq has always been a proponent of marketplace diversification and increasing sources of liquidity, which benefits investors and market participants alike, as well as risk mitigation requirements driven by the regulators. Operating our market technology will give BIVA the international credibility and join a long list of the world's most powerful exchanges running on Nasdaq systems."
Bolsa Institucional de Valores (BIVA), the new Mexican bourse, will adopt Nasdaq’s (NASDAQ:NDAQ) X-stream Trading technology along with the US Exchange ’s SMARTS surveillance service, the two companies said in a press release.
Alternative bourse should improve market
This is Mexico’s second exchange and its appearance on the financial market scene is part of the ongoing financial reform in the country. Awaiting the approval of the Mexican Finance Ministry, BIVA is expected to contribute to the Liquidity pool in the country’s financial market, boost technological innovation, and ensure market continuity. The alternative venue is also hoped to encourage more companies to float. All securities currently traded on Mexico’s only existing exchange will become tradable on BIVA once it goes live and in the future companies will get to pick which bourse they want to be listed on.
Proven trading, surveillance systems seen to improve liquidity
X-stream is, according to the statement, the most widely used trading technology globally, with more than 30 exchanges among its clients. Overall, fintech developed by Nasdaq is in use by more than 100 bourses across the world, with services including, trading, clearing, central securities depository (CSD), and market surveillance.
The Chief Executive Officer of the new Mexican exchange, Fernando Perez Saldivar, said: "We see this new partnership with Nasdaq as a crucial part of successfully launching BIVA and giving Mexico's financial sector the boost of liquidity and world-class technological infrastructure it absolutely deserves."
“X-stream and SMARTS will enhance BIVA’s international credibility”
Nasdaq’ s Executive Vice President and Head of Market Technology Lars Ottersgård, for his part, commented: "Nasdaq has always been a proponent of marketplace diversification and increasing sources of liquidity, which benefits investors and market participants alike, as well as risk mitigation requirements driven by the regulators. Operating our market technology will give BIVA the international credibility and join a long list of the world's most powerful exchanges running on Nasdaq systems."
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
