The guild of financial brokers chose the AT&T network in Mexico to connect its operation with the new Institutional Stock Exchange in Mexico (BIVA).
As of the 3rd quarter of this year, almost 30 brokerage firms will be able to use a safer, more reliable network to carry out their transactions.
BIVA, one of the most advanced stock exchanges in the world, aims to contribute to the growth of the stock market and accelerate business in Mexico through innovation and the use of leading-edge technology.
“The main economies of the world have evolved towards competition among stock exchanges, creating better product offers for intermediaries, investors and issuing companies. For this, the brokerage houses need the support of a highly secure, flexible and reliable network. That is why they chose a company with global experience such as AT&T,” said Maria Ariza, BIVA’s general director.
AT&T will use Multi-Protocol Label Switching (MPLS) technology, which is a data transport mechanism that works through a highly secure and fast network connection. This technology can establish communication between multiple places and users, and offers better performance, control and flexibility. These are vital functions in an environment where speed and efficiency make the difference between winning or losing money.
“BIVA came to Mexico motivated by the idea of fostering greater competition in the financial sector. They knew that this could accelerate business in Mexico and open up great opportunities for more companies that seek to generate employment and innovation,” said Kelly King, CEO of AT&T in Mexico. “At AT&T we share his vision. We believe in a Mexico connected by technology, where companies have access to capital to continue growing.”
In addition to leading-edge technology, brokerage firms will also be supported by AT&T’s highly reliable global network, which is monitored 24 hours a day, 7 days a week.