Grupo Bolsa Mexicana de Valores (BMV) and IPC, a company in technology and services related to financial markets, announced the signing of an agreement to launch the Beeks’ technology infrastructure.
The deployment includes primary and disaster recovery sites in Mexico City, providing “a secure solution to support BMV’s market growth and innovation.”
With the launch of this infrastructure, set to go live in the second half of 2025, BMV will “provide secure and scalable co-location services to its clients.”
This will allow clients to host their operations “directly on the platform, eliminating the need for a proprietary site.”
Jorge Alegría, CEO of Grupo BMV said:
“This agreement allows us to deliver cutting-edge technology, with a low-latency infrastructure deployed locally in Mexico City. We are well-positioned to meet the evolving needs of our market participants, remain at the forefront of innovation and as a leader in the region.”
The agreement was signed with IPC as the contracting party; Beeks will manage end-to-end “deployment of the Exchange infrastructure.”
Leveraging Beeks’ expertise and technology, BMV members will “benefit from a robust, flexible, and secure solution designed specifically for capital markets.”
Gordon McArthur, CEO of Beeks Group said:
“Beeks technology offers a dedicated, fully managed infrastructure for exchanges and trading venues worldwide. We are proud to partner with BMV and leverage our established relationship with IPC to deliver cutting-edge solutions to the financial markets. This two-site deployment will ensure resiliency, security and scalability, supporting BMV’s ambitions for growth and innovation in the market.”
IPC’s Tito Singh, CRO added:
“This is a great example of the strength of our partnership strategy, working with the best suppliers to support our customer first approach. It reinforces our long-term relationship with Beeks and our ongoing collaboration to deliver innovative, market-leading solutions in the industry.”
By deploying Beeks technology, BMV claims it is positioned “to attract liquidity, drive market access and reinforce its position as a leader in Latin America’s financial ecosystem.”
As noted in the update, the Mexican Stock Exchange with more than 130 years of experience makes it possible “for the securities and derivatives market to operate in Mexico, through a group of leading companies that offer services in the capital, derivatives and debt markets, as well as post-trade services, information products and added value.”
As mentioned in the announcement, IPC Systems, a key player in technology and specialized services that has reportedly “driven financial markets for more than 50 years, is at the forefront of e-commerce connectivity and cloud communications, setting the standard for service, innovation, and expertise.”
IPC’s customer-centric approach is enhanced “by an extensive and diverse financial ecosystem that spans all asset classes and connects market participants anywhere in the world to improve communication, collaboration, and compliance.”
Global services reportedly include the following “e-commerce, business communications, and infrastructure-as-a-service solutions.”
IPC says it is positioned to “anticipate change and stay aligned with rapidly changing markets, and to empower clients to adapt to change, now and in the future.”