Mercado Abierto Electrónico

This software has been designed with state-of-the-art technology and considers the markets' operating modalities. It supports remote trading of any type of product in an agile, transparent, fair and safe manner, due to the operation facilities embedded in the system's design. According to the needs of each market, SIOPEL has several trading environments. Therefore, this product is applicable to Stock Exchanges, Financial Markets, Central Banks, Brokers and Commodity, Goods and Services Markets. SIOPEL offers seven clearly differentiated trading methods: Electronic matching, electronic matching with price correction (Competition), Transaction Official Acknowledgement (Direct Order), Free Offer Selection with or without confirmation (No Matching - Taking), Trading, Request for Quotations, Public Auctions (Subscriptions and Tenders) and Brokerage. As an electronic trading platform, it is designed in a modular fashion and operates on a Windows environment, which supports operation from multiple workstations. SIOPEL emulates the physical session of traditional Stock Exchanges through a trading environment that lets a large number of participants "talk to each other" electronically in order to close their transactions. In this way, the system basically provides a huge quantity of information in a minimum of visual space, operating simplicity and minimum response times . It has a number of competitive advantages, among which we can highlight that it is a parameter-driven, multi-market, multi-language and multi-currency system . That is to say, it supports defining the values that regulate system behavior from a central host, and supplying services to various markets on a transparent and independent basis. Consequently, the system manager can define the options to be used and their specific behavior. This is an optimum scenario considering the present changing times and the need to find appropriate trading environments and methodologies to develop new businesses. Advantages of an Electronic Market