Mexico demonstrates broadcast/high-frequency trading relationship

Gabriel Miramar-Garcia ©RapidTVNews | 04-06-2012

Mexico’s telecom industry grew 11.9% in the first quarter of 2012 compared to the same period last year, mainly due to strong performance by the satellite TV, mobile telephony and long-distance segments, according to the Federal Telecommunications Commission (Cofetel).

A new study also shows that these technological advancements are also spurring high-frequency trading in that country.

Edgar Perez, author of The Speed Traders, will conduct a review of high-frequency trading and the drivers behind in in bothe the broadcast and mobile space, at his upcoming The Speed Traders Workshop 2012 Mexico City. He will discuss how high-frequency trading players are succeeding in the global markets and driving the development of algorithmic trading at breakneck speeds from the U.S. and Europe to India, Singapore and Brazil.

Bolsa Mexicana de Valores, BMV, the Mexican Stock Exchange, the second largest exchange in Latin America, has recently launched a number of strategic and technology initiatives surrounding pay TV and telecom, designed to promote foreign investment in the Mexican financial markets and its position as a Latin America leader in high-frequency trading.