Colombia
Cuatrecasas advises Aquis Exchange on contract procurement and negotiation to be Banco de la República’s technology provider
July 26, 2024
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SubscribeCuatrecasas has advised Aquis Exchange PLC (AQX.L) on the process of procuring and negotiating the contract that positions it as the technology provider of the Banco de la República – Colombia.
This is a landmark contract as it will enable Aquis Exchange, through its Aquis Technologies Division, to implement its technology platform for electronic trading and support services—known as the Electronic Trading System (“SEN”)—to operate the government bond market in Colombia.
With this deal, the Banco de la República, SEN affiliates, and the Market Maker Program of Public Debt Securities will be able to access an advanced solution, incorporating new technologies and the best international practices in trading infrastructure, thus ensuring a more efficient and secure market participation.
This project will also promote economic development in Colombia by providing the State with a modern, efficient, transparent and accessible platform for the government bond market. The service is expected to be more versatile and effective, in line with the bank’s main objectives, thereby benefiting the country’s economy as a whole.
Not only is the contract award a milestone in modernizing Colombia’s financial infrastructure, but it also represents strategic growth for Aquis in Latin America. With a strong presence in markets such as Africa, the Asian-Pacific region, and Europe, Aquis now reaffirms its commitment with innovation in the Latin American debt markets.
The Cuatrecasas advisory team was led by the lawyers Manuel Gómez, Daniel Albornoz and Emilio Torres.
July 26, 2024
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