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The Mexican Exchange (BMV) conmemorates it´s entry into The Latin American Integrated Market (Mercado Integrado Latinoamericano, MILA)

The event was attended by senior executives of the Stock and Securities Depositories member countries. On behalf of DCV, attended Javier Jara, Business and Legal Manager

 

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.

 

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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 and Mr. Francis Stennig, General Manager of the Lima Stock Market, as well as the members of upper management of the regulators of the four countries, attended the ceremony.

 

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”.

 

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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).

 

About MILA

 

The Latin American Integrated Market (MILA) is the first global initiative of transnational market integration without merger or corporate integration, in which the stock exchanges of Chile, Colombia, Mexico and Peru, as well as their respective securities depositories are involved. It started in May 2011 with the aim of generating more and better exposure of the stock markets that integrate it, as well as wider range of products, and opportunities for local and foreign investors.

 

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With over 700 securities listed in total in the four countries, MILA is, according to the World Federation of Exchanges (WFE), the first market by number of companies listed in Latin America and the first by market capitalization, with a combined value of over US $ 939 billions, which translates into one of the most attractive markets in the region. Also, currently six investment funds follow this market, a special index (S&P MILA Andean 40) and two sectoral indices (the S&P MILA Andean Financials and S&P MILA Andean Resources).

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