Sociedad de Bolsas, the organisation in charge of managing the Spanish Exchanges Interconnection System (SIBE), has certified SchlumbergerSema's Maravedí application which enables brokers to interact online with the Barcelona, Bilbao, Madrid and Valencia exchanges.
SchlumbergerSema Maravedí software is a front-to-back office system that allows stock brokers to deal with orders and operations trading, management and settlement. It also supports banking and investment treasuries, says the company.
The software was certified under Sociedad de Bolsas' review and certification process that approves third party applications, which can send orders to the market in real-time with maximum security.