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Mexico: BMV Mexico´s stock exchange signs agreement with MILA of Chile, Colombia and Peru

During the Second Pacific Alliance Summit celebrated in Merida, Yucatan Mexico on Sunday, December 4th, the Mexican Stock Exchange (subsidiary of BMV Group) signed an agreement of intent with the Exchanges of Colombia, Peru and Chile to join Mercado Integrado Latinoamericano (MILA). President Felipe Calderon (Mexico), President Juan Manuel Santos (Colombia), President Ollanta Humala (Peru) and President Sebastián Piñera (Chile) were all on hand to witness the accord.

The agreement, which will begin to explore operational and technology requirements of this partnership, was signed by Dr. Luis Téllez President of BMV Group, Juan Pablo Córdoba, President of Bolsa de Valores de Colombia, Francis Stenning, General Manager of Bolsa de Valores de Lima (Peru), Mr. Pablo Yrarrázaval, President of Bolsa de Comercio de Santiago and Mr José Antonio Martínez Manager of Bolsa de Comercio de Santiago.

The partnership, which is subject to the authorization of regulators and legal adjustments, will integrate BMV Group to MILA with the goal of increasing listings and bringing further technological and operational benefits to participants in the region.

About BMV Group

BMV Group is a fully integrated Exchange Group that operates cash, listed derivatives and OTC markets for multiple asset classes, including equities, fixed income and exchange traded funds, as well as custody, clearing and settlement facilities and data products for the local and international financial community.

BMV is the second largest stock exchange in Latin America with a total market capitalization of over US$ 453.8 billion. The Exchange is home to some of the most recognizable and profitable global corporations, including: beverage giant Grupo Modelo, whose brands include Corona Extra and Pacifico; América Móvil, one of the largest telecommunications companies in the world; CEMEX, the world’s biggest building materials supplier; and Televisa, the largest media company in the Spanish speaking world, among many others. In addition, MexDer (the Mexican Derivatives Exchange) is also part of BMV Group and is the leading marketplace for trading benchmark Mexican derivatives products.

About MILA

Mercado Integrado Latinoamericano (MILA) is a regional partnership of the Peruvian, Chilean and Colombian Exchanges that started with an agreement signed on November 9th, 2010 to integrate a new trading alternative for LATAM equity markets. It aims i) to expand listing opportunities, ii) to add value in order routing, and iii) to provide market data distribution of the integrated market. It was launched on May 30th, 2011.

Source: Business wire, 05.12.2011

Filed under: BMV - Mexico, Chile, Colombia, Exchanges, Latin America, Mexico, News, Peru, , , , , , , , , , , ,

Mexican Exchange Readies New Trading Platform, Forms New Relationships

Sell-Side Technology | 18 Nov 2011 | 20:07

Mexican exchange operator Bolsa Mexicana de Valores (BMV) plans to launch a new, as yet unnamed matching engine, which will deliver 100-microsecond message latency compared to the 25-millisecond latency of its current equities platform, and will offer the same performance as Singapore Exchange’s (SGX’s) platform. The engine will also support more than 200,000 messages per second, up from the 9,000 messages per second of its legacy trading system.

 BMV CEO Luis Téllez Kuenzler and other exchange officials spoke about these upgrades and the state of the Mexican economy at the second annual Connect & Trade Mexico event this week in New York.

Téllez Kuenzler says the improvements should attract attention from the high-frequency trading (HFT) community, which already makes up 20 percent of trading volume in the country even though HFT in Mexico began only two-and-a-half years ago.

“By successfully improving upon our operative rules to better comply with international market standards, BMV is now better equipped to provide global investors with more efficient trading and connectivity to Mexico,” Téllez Kuenzler adds.

Other functionalities will go live in January, says Jorge Alegria, senior vice president of BMV and CEO of the Mercado Mexicano de Derivados (MexDer) derivatives exchange, which is a BMV affiliate. One of these functionalities is a non-displayed midpoint order book for institutional investors looking to trade large blocks anonymously with reduced execution risk. Old rules regarding crossing trades will also be replaced; all stocks, global market equity securities and debt instruments will be crossed within the best bid/ask spread with no intervention, according to Alegria.

In August, MexDer and the Chicago Mercantile Exchange (CME) established a south-to-north order-routing agreement, which was followed by a north-to-south agreement. It gives Mexican investors access to CME Group’s benchmark derivatives contracts, including interest rates, foreign currencies, equity indexes, energy, metals and agricultural commodities. And it gives CME customers access to MexDer benchmark products, including Mexican Stock Exchange Index futures, bond futures and peso/dollar futures contracts.

The Mexican exchanges are also considering an invitation from the Mercado Integrado Latinoamericano (MILA)—a trading network among the exchanges of Chile, Peru, and Colombia—to join its network. In the meantime, BMV has signed an order-routing agreement with Chile and is working on another with Brazil’s BM&FBovespa exchange.

“The flow between Mexico and Brazil can be huge,” says Téllez Kuenzler.

Source: WatersTechnologis, 18.11.2011

Filed under: BMV - Mexico, Exchanges, Mexico, , , , , , , , , , , ,

Mexico to Launch FIBRAS Real Estate-Linked Securities, BMV CEO Tellez

Mexican real estate-linked securities known as Fibras will begin trading soon and represent “an enormous opportunity,” said Luis Tellez, chief executive officer of Bolsa Mexicana de Valores SAB, Mexico’s stock exchange operator.

The funds will be ready after Mexico’s Finance Ministry publishes adjustments to the rules governing the securities in the coming days, Tellez said today during a conference for real estate companies in Mexico City.

Tellez said Mexican Fibras are similar to real estate investment trusts in the U.S. and “fiscal matters” have delayed their entry in the Mexican market.

“This is a topic that’s been in discussions for a long time in Mexico, but I think we’re very close to seeing these instruments come out,” Tellez said. “There have already been various developers that have come to us in the Bolsa. They’ve shown interest and they are ready with their brokerages and underwriters.”

Tellez said the securities would likely have values of $100 million or more and Mexican banks and “institutional investors” have also shown interest.

Tellez said Mexico’s Bolsa is pushing to attract more companies to list in Mexico through new rules that give greater flexibility on corporate governance and reporting results to smaller firms.

Mexico has seen two initial share offerings in recent months after an 18-month dry spell.

Tellez said the nation’s private pension funds, which administered 1.2 trillion pesos ($93.5 billion) as of April, are stimulating Mexico’s financial markets. He said Mexico still needs to develop small-scale retail investing.

Source: Bloomberg, 02.10.2010  by Jonathan Roeder in Mexico City at jroeder@bloomberg.net

Filed under: BMV - Mexico, Exchanges, Latin America, Mexico, News, , , , , , , , , , ,

BMV Mexican Stock Exchange’s Market Performance Report February 2010

Click here to download  Mexican Stock Exchange February 2010 Performance Report

Source: BMV , 26.03.2010

FiNETIK recommends:

BMV-Bolsa Mexicana de Valores – January 2010 Performance Report

BMV- Bolsa Mexicana de Valores – December 2009 Performance Report

BMV- Bolsa Mexicana de Valores – November 2009 Performance Report

BMV- Bolsa Mexicana de Valores – October 2009 Performance Report

BMV- Bolsa Mexicana de Valores – September 2009 Performance Report

BMV- Bolsa Mexicana de Valores – August 2009 Performance Report

BMV- Bolsa Mexicana de Valores – July 2009 Performance Report

BMV – Bolsa Mexicana de Valores – June 2009 Performance Report

BMV – Bolsa Mexicana de Valores – May 2009 Performance Report

BMV – Bolsa Mexicana de Valores – April 2009 Performance Report

BMV – Bolsa Mexicana de Valores – March 2009 Performance Report

BMV – Bolsa Mexicana de Valores – February 2009 Performance Report

BMV – Bolsa Mexicana de Valores – January 2009 Performance Report

BMV – Bolsa Mexicana de Valores – December 2008 Performance Report

BMV –  Bolsa Mexicana de Valores – November 2008 Performance Report

Filed under: BMV - Mexico, Exchanges, Latin America, Mexico, News, , , , , , , , , , ,

CME Group, Bolsa Mexicana de Valores and MexDer Announce Order Routing, Equity Agreement

In connection with yesterday’s announcement made by CME Group concerning the order routing agreement it has entered into with the Mexican Stock Market (BMV) and the 1.9 percent acquisition of BMV’s capital, BM&FBOVESPA and CME Group announce that they will initiate discussions about said transaction and other commercial opportunities with BMV, in consonance with the terms of the global strategic partnership published in the material fact dated February 11, 2010.

Source: MondoVisione, 09.03.2010

CME Group, the world’s leading and most diverse derivatives marketplace, and the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV), the financial exchange operator in Mexico, today announced that they have entered into a strategic partnership that includes an order routing agreement for derivatives products. CME Group has purchased shares in the Mexican exchange valued at $17 million, or approximately 1.9 percent of outstanding BMV shares, as part of the equity portion of the agreement. Additionally, the Control Trust of BMV has granted CME Group the right to nominate a member to BMV Board of Directors and the two exchange operators have signed a memorandum of understanding covering activities aimed at enhancing the partnership between the two exchanges.

Mexico’s MexDer seeks high class global partners, 08.11.2009

BMV Bolsa Mexicana de Valore: Information on relationships and discussions with CME, 27.09.2009

Through the agreement, CME Group will become the exclusive exchange provider of derivatives order routing services to BMV outside Latin America, and BMV will be the exclusive exchange provider of derivatives order routing services to CME Group in Mexico. BMV’s derivative products are offered through its derivatives subsidiary, MexDer.

CME Group and BMV have also agreed to pursue potential joint initiatives including product development, marketing and customer education as well as clearing opportunities. Additionally, BMV, CME Group and its Global Preferred Strategic Partner BM&FBOVESPA will initiate discussions about the aforementioned transaction and other commercial opportunities.

“Latin America is a key market for CME Group,” said Terry Duffy, CME Group Executive Chairman. “We are pleased to announce this new partnership with BMV which furthers our global strategy to offer customers increased access to our products while, at the same time, allowing BMV to use the CME Globex trading network to increase distribution of their products in North America.”

“With Mexico’s standing as the 13th largest economy and one of our country’s most significant trading partners, we are pleased to work with BMV to facilitate global hedging and risk management activity in our respective markets,” said Craig Donohue, CME Group Chief Executive Officer. “In addition to providing CME Group customers with our own highly liquid products in interest rates, equities, foreign exchange, commodities, energy and metals, the order routing agreement announced today will soon broaden efficient access on or through our CME Globex electronic trading platform to financial markets in Brazil, Mexico, South Korea, Dubai and Malaysia.”

“With this operation BMV increases its presence in the international markets. Greater distribution capabilities are a key part of our strategy to attract more investors to Mexico,” said Luis Tellez BMV Executive Chairman and Chief Executive Officer. “Allowing international investors an easier access into MexDer will improve liquidity and develop the local market. At the same time this agreement will provide Mexican investors with more tools to manage their portfolios.”

The order routing arrangement, which is scheduled to begin in 2011, will give BMV customers access to CME Group’s benchmark derivatives contracts including interest rates, foreign currencies, equity indexes, energy, metals and agricultural commodities. It will also give CME Group customers access to BMV’s interest rate and equity index derivatives.

Source: MondoVisione, 08.03.2009

Filed under: BM&FBOVESPA, BMV - Mexico, Exchanges, Latin America, Mexico, News, Risk Management, Trading Technology, , , , , , , , , , , , , , ,