Bolsa Mexicana De Valores (Mexican Stock Exchange)

Stock exchange

The Mexican Stock Exchange (Spanish: Bolsa Mexicana de Valores), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after São Paulo based B3 in Brasil. It is also the fifth largest stock exchange in the Americas. The exchange platform is owned by BMV Group, which also owns the derivative exchange MexDer and the custody agency Indeval. The BMV was created out of the merger of the three stock exchanges which formerly operated in Mexico: The Bolsa de Valores de México, which operated in Mexico City, the Bolsa de Occidente (Occidental Stock Exchange) in Guadalajara, and the Bolsa de Monterrey (Monterrey Stock Exchange). The exchange kept modernising until its introduction of a fully electronic system for trading which was consolidated in 1999. In 2014, the Mexican Stock Exchange completed its first trade as a part of MILA which, together with the stock exchanges of Santiago, Lima, and Colombia, is the largest securities market by total capitalisation in Latin America. From Wikipedia