The Board of Directors of the National Agricultural Exchange (Bolsa Nacional Agropecuaria) has chosen Marco Polo Latam B.V. as their consultant for the selection and implementation of an electronic trading system. Marco Polo will provide the BNA with recommendations for purchasing an electronic trading platform and its implementation.
"Certainly the commodity-derivatives markets are played in a global setting rather than a purely local environment," Juan Botero, President of Bolsa Nacional Agropecuaria, explained, "With this new platform, we are pushing BNA to play a key role in the region". ... We are pleased to have selected Marco Polo on such a strategic initiative. Their proven track record in providing emerging markets with state of the art technology made them the obvious choice for this venture. We are confident that this project will increase interest in the Colombian commodity-derivatives markets.
David Meredith, Chief Technology Officer for Marco Polo noted that, "An electronic platform will propel BNA into becoming a highly regarded leading Exchange and integral player in the global markets. In helping them address the complete requirements of implementing and electronic platform, we are able to bring to bear our global expertise in technology, electronic trading and emerging markets. We are excited about working with the BNA in achieving their strategic goals."
The need for a consulting firm emerged when the BNA administration identified major restrictions in the current trading system. As BNA expands into different asset classes and offerings, they recognized a crucial need for an electronic infrastructure to support the strategic growth of the exchange.
About Bolsa Nacional Agropecuaria S.A.
Incorporated in August 1979, the Bolsa Nacional Agropecuaria S.A., (Colombian National Agricultural Exchange), is the exchange for agricultural and agro-industrial product, capital markets and offering investors several placement options for their resources. They also offer other producers, such as farmers, agro-industrial, and those in forestry, mining and other commodities, alternative instruments to gain liquidity. To learn more about BNA, visit: http://www.bna.com.co
About Marco Polo Network
Marco Polo Network Inc. (MPN) is a leading financial services provider. MPN offers a multi asset and broker neutral trading platform for global investors to trade emerging markets. MPN brings transactions into compliance with local rules and regulations allowing for seamless and transparent cross-border transactions. MPN platform is a FIX enabled gateway that supports all trading strategies for multidirectional flows and offers connectivity and routing to brokers and exchanges in more than 90 markets. MPN provides investors with access to more than 90% of the MSCI emerging market index. MPN is partially owned by the New York Stock Exchange and the International Finance Corporation, the private sector arm of the World Bank Group. Marco Polo Securities Inc., a wholly owned subsidiary of MPN, is a NASD registered broker dealer. To learn more about MPN, visit: http://www.marcopolonetwork.com
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