Mexican Stock Exchange

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Mexican Stock Exchange
Bolsa Mexicana de Valores, BMV
Bolsa Mexicana de Valores.png
Type Stock exchange
Location Mexico City, Mexico
Founded 1933
Currency Peso
No. of listings 466
Market cap US$ 460.4 billion (June 2011) [1]
Volume US$ 11.4 billion (June 2011 share turnover value)
Website www.bmv.com.mx

The Mexican Stock Exchange (Spanish: Bolsa Mexicana de Valores, BMV; BMVBOLSA) is Mexico's only stock exchange. It is situated on Paseo de la Reforma, an important avenue in central Mexico City. The total value of the Domestic market capitalization of the BMV was calculated at US$409 billion at the end of 2010, and raised to US$460 billion by the end of June 2011,[2] making it the second largest stock exchange in Latin America (after Brazil's BM&F Bovespa)[citation needed] and the fifth largest in the Americas.[citation needed]

On August 26th, 2014, BMV became the 12th stock exchange to join the United Nations Sustainable Stock Exchanges initiative.[3][4]

Structure and operations[edit]

BMV is now a public company following its IPO in June 2008, and its shares are traded on the BMV equities market. It operates by concession of the Secretariat of Finance and Public Credit. [5] Until its IPO BMV was owned by its members, which were a group of banks and brokerage firms. The exchange trades debt instruments including Federal Treasury certificates (CETES), Federal Government Development bonds (BONDES), Investment Unit bonds (UDIBONOS), Bankers acceptances, promissory notes with yield payable at maturity, commercial paper and development bank bonds. In addition, it also trades stocks, debentures, mutual fund shares, and warrants. Trading is conducted electronically through the BMV-SENTRA Equities System. Settlement is T+3, and trading hours are 8:30 a.m. to 3 p.m. for the capital markets and 8 a.m. to 2:30 p.m. for debt instruments (Monday through Friday),

Indices[edit]

The BMV calculates 13 indices of stock prices. Each index can be used as an underlying value for derivative products listed on specialized markets. The main benchmark stock index is called the IPC, which stands for Índice de Precios y Cotizaciones, and is the broadest indicator of the BMV's overall performance. It is made up of a balanced weighted selection of shares that are representative of all the shares listed on the exchange from various sectors across the economy, and is revised twice a year. Weight is determined by market capitalization. The IPC's value is related to the previous day's value, rather than the base date of October 30, 1978. Since February 2009 the IPC index has included BMV's own A shares. Indice Mexico (INMEX) is a market capitalization weighted index of 20 to 25 of the BMV's most highly marketable issuers, using their most representative series. The sample is limited to issuers with a minimum market value of $100 million and is revised every six months. The weighting cannot be greater than 10% at the start of each calculation period.

Some listed companies[edit]

See also[edit]

 www.europeanstockexchange.com

http://www.europeanstockexchange.mx

References[edit]

External links[edit]