trending Market Intelligence /marketintelligence/en/news-insights/trending/nnj5ynuz12wh2qf0uyc7bg2 content esgSubNav
In This List

Launch delay for Mexico's 2nd bourse taking toll on BMV ops, CEO says

Blog

Commercial Banking: June 22nd Edition

Blog

Commercial Banking Newsletter June Edition - 2022

Podcast

Street Talk | Episode 96: Considering recession risks, prospects that the Fed achieves a 'soft landing'

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push


Launch delay for Mexico's 2nd bourse taking toll on BMV ops, CEO says

Delays in the launch of Mexico's second exchange, the Bolsa Institucional de Valores, or the BIVA, have taken a toll on the operations of the Bolsa Mexicana de Valores SAB de CV, El Economista reported, citing the bourse's CEO, José Oriol Bosch Par.

The new bourse was expected to start operating early this year, after the Finance Ministry granted the BIVA its operating license in August 2017.

Speaking at a news conference, Bosch said the BMV has invested a significant amount of time and resources to help jumpstart the BIVA's operations to the point of even deferring some projects focused on market development.

Meanwhile, the executive is hopeful the BIVA will fulfill its potential of increasing market volume by 50% in the next two to three years, with the number of firms listed on the exchange reaching up to 200 within that period.

Moody's earlier said the creation of the BIVA will benefit local securities firms, but will initially be credit negative for the BMV.