? BMV encountered
(from 24 milliseconds to
100 microseconds per
transaction), lower latency,
increased availability, and
lower implementation and
operation support costs
Red Hat? Enterprise Linux?
Red Hat JBoss?
IBM WebSphere MQ Low
Bolsa Mexicana De Valores (BMV) sought a scalable, flexible, low-latency, and cost-effective
solution that would guarantee availability of a mission-critical application with a large number of
transactions per second.
“We were very happy to learn that open
source products could compete in quality
and performance with proprietary software
products. Red Hat is a company that knows
how to listen to its customers’ needs.
SOftWARE fActORy DIREctOR
Of tHE BOLSA MExIcANA DE VALORES
BOLSA MEXICANA DE VALORES
WITH RED HAT SOLUTIONS
CUSTOMER CASE STUDy
2redhat.com Customer Case study Bolsa Mexicana de Valores improves performance with Red Hat solutions
aBout Bolsa meXicana De valores
The Bolsa Mexicana de Valores is a financial institution operating under a concession from the
Ministry of finance and Public credit, in full accordance with the Exchange Act. Its shares have been
listed on the stock exchange since June 13, 2008.
the Bolsa Mexicana de Valores (BMV) is Mexico’s only stock exchange. Its goal is to enable the
performance of securities transactions, achieve market development, and promote its expansion
and competitiveness using industry-leading technology.
the BMV designs, develops, implements, integrates, and operates a large variety of automated
information and communications systems for the financial sector, with the aim of fostering Mexico’s
financial development. Together with other institutions in this sector, it has helped channel savings
into productive investment, the main source of growth and employment in the country.
outDateD languages anD technologies slow transaction times
anD increase costs
In August 2009, after extensive research of the trends followed by leading worldwide stock
exchanges, the BMV started the renovation of its own trading system for stock market operation
called MoNet (Motor de Negociación transacccional), which would replace the SENtRA
The most critical applications of the BMV require fault-tolerant technology. Bolsa Mexicana de
Valores developed a centralized architecture known as NonStop. With NonStop, a redundant number
of processors and storage devices can quickly respond to a fault, even when the hardware fails.
Because of NonStop’s robustness and architecture, when the BMV needed to make changes or
alter performance capabilities, response times were limited. cobol and c programming languages
and other specialized technologies, some of which were on the verge of obsolescence, made daily
support and maintenance cost-inefficient.
the challenge with MoNet was to achieve levels of latency and performance similar to those seen in
the best stock exchanges in the world. the BMV wanted to be able to run transactions in under 100
microseconds each, and satisfy any business rules being used.
“We needed to reduce costs and times without compromising the robustness of the trading engine,
and Red Hat Enterprise Linux gave us the chance of not only maintaining, but also improving, its
operation,” said Luis carballo, Software factory Director of the Bolsa Mexicana de Valores.
MoNet had to be a scalable and flexible system, with independently updated individual modules.
This is to reduce dependency on other systems in the exchange and optimize efficiency. MoNet must
also supporting a large number of transactions per second and allow BMV to maintain control of the
3redhat.com Customer Case study Bolsa Mexicana de Valores improves perfo