April 16, 2019
Refinitiv connects global financial community with real-time coverage of West Africa’s BRVM Exchange
Refinitiv data enables smarter traders and investors to identify regional opportunities and adds to comprehensive real-time coverage of global markets.
Johannesburg/London – Refinitiv has introduced real-time coverage for the BRVM (Bourse Régionale des Valeurs Mobilières) for equity and fixed income markets.
The BRVM is the regional stock market for all eight member states in WAEMU (West African Economic and Monetary Union), including Benin, Burkino Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. The BRVM market cap is US$ 8.7 billion and saw US$ 4.1 billion of debt instruments issued in 2018.
The enhancement allows Refinitiv’s customers to access real-time data from the BRVM in their own applications via the Elektron Data Platform or on the desktop via Eikon.
Commenting on the partnership, Dr. Edoh Kossi Amenounve, Chief Executive Officer of BRVM noted: “The launch of real-time coverage from Refinitiv for our member states will undoubtedly enhance BRVM’s market infrastructure and reduce friction for investors looking to participate in our market. This move towards real-time data and analytics coverage makes us globally competitive and cements the positions of our member states as attractive destinations for investments.”
Nadim Najjar, Managing Director for Middle East and Africa at Refinitiv said: “We are very excited to be leveraging the power of our global platform to improve access to data on this important and growing region. Real time coverage of the BRVM will help to connect global capital markets participants with regional opportunities to deepen market participation.”
About Refinitiv
About BRVM
The Regional Stock Exchange (BRVM - Bourse Regionale des Valeurs Mobilieres) was created on December 18th, 1996 in Cotonou (BENIN). It is a fully integrated electronic exchange with 8 member countries from West Africa: Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. In addition to Equity instruments (shares), the BRVM offers the issuing and trading of Debt instruments (bonds).
The BRVM offers to investors a world-class trading environment with state-of-the-art trading and settlement systems. BRVM holds the Vice-presidency of the Executive Committee of the African Securities Exchanges Association (ASEA) and is member of the West African Capital Markets Integration Council (WACMIC). Since November 2016, it has been included in the MSCI Frontier Markets Index. To learn more, visit: www.brvm.org.
Contacts
Louis Auty
Communications
Refinitiv
+44(207)9143267
Louis.Auty@refinitiv.com
Sonwabise Sebata
Communications
Refinitiv
+27117753173
Sonwabise.Sebata@refinitiv.com
Tarek Fleihan
Communications
Refinitiv
+97144536527
Tarek.Fleihan@refinitiv.com
Corinne Houmou Ormon
Communications
BRVM
+22520315584
chormon@brvm.org