Refinitiv said it has introduced real-time coverage for the BRVM 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, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. The BRVM market cap is $ 8.7 billion and saw $ 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.”