- The Mexican Stock Exchange ("BMV") commemorated its entry into the Latin American Integrated Market (MILA).
- Upper management directors of the stock markets and deposit institutes, as well as the members of upper management of the regulators of the four countries, attended the ceremony.
- The purpose of MILA is to accomplish a better and higher exposition of the markets that integrate it, as well as a higher offer of products and opportunities for local and foreign investors.
With a ceremony held on the Balcony of the Trading Floor, the Mexican Stock Exchange ("BMV") commemorated its entry into the Latin American Integrated Market (MILA), a regional stock integration initiative which was initiated on May 2011, which now includes the stock markets of Chile, Colombia, Peru and Mexico, as well as their respective securities deposit institutes.
Upper management directors of the stock markets and deposit institutes, such as Mr. Jaime Ruiz Sacristán, and Mr. José-Oriol Bosch, Chairman and CEO of the Mexican Stock Exchange ("BMV"), respectively, Mr. José Antonio Martínez, General Manager of the Santiago Stock Market, Mr. Juan Pablo Córdoba, Chairman of the Colombian Stock Market, Mr. Francis Stennig, General Manager of the Lima Stock Market, Mr. Javier Jara, Commercial Manager of DVC and Mr. José Fernando Romero, Vice-President of directorio Cavali, as well as the members of upper management of the regulators of the four countries, such as Mr. Carlos Pavez Tolosa, superintendent of Securities and Insurance of Chile; Mr. Gerardo Hernández Correa, financial superintendent of Colombia; Mrs. Lilian Del Carmen Rocca Carbajal, stock market superintendent of Perú and Mr. Jaime González Aguadé, Chairman of the Comisión Nacional Bancaria y de Valores (CNBV) in Mexico. We specially thank the attendance of Dr. Fernando Aportela, Deputy Minister of Finance in Mexico, who has been a driving force of this mechanism.
José-Oriol Bosch, CEO of the Mexican Stock Exchange, emphasized the great work completed in collaboration with the other officials of the stock markets and securities deposit institutes that allowed the completion of the necessary tasks to implement the operative and technological processes to accomplish this initiative. He also explained that “The incorporation of Mexico into MILA broadens the opportunities for diversification of investment strategies for Mexican investors by adding more than 500 securities to trade under MILA infrastructure”.
The purpose of MILA is to accomplish a better and higher exposition of the markets that integrate it, as well as a higher offer of products and opportunities for local and foreign investors, originating a more liquid, visible, attractive and diversified security markets, as well as increasing the range of investment products in the region and attract liquidity to the member markets.
The Mexican Market completed its first MILA transaction last December 2nd. The transaction was performed by GBM Mexico, through GBM Chile, which acquired a total of 200 Falabella shares by an amount of CLP$864,020 (US$ 1,415).