Valor de Mercado, a joint venture between Algorithmics and the Mexican Stock Exchange (Bolsa Mexicana de Valores, BMV) has begun distributing online prices for all government and corporate bonds, equities and warrants sold in Mexico.
Building on financial market data provided by the Bolsa, Valor de Mercado has implemented Algorithmics' RiskWatch in a Mark-to-Future framework to compute market prices efficiently. The service is available on a subscription-only ASP model.
The initiative has received government approval, satisfying a new regulatory requirement in Mexico that all market participants use a third party price vendor.