The Institutional Stock Exchange ( es, Bolsa Institucional de Valores), commonly known as BIVA, is
Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...
's second
stock exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...
, based in
Mexico City
Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital and largest city of Mexico, and the most populous city in North America. One of the world's alpha cities, it is located in the Valley o ...
. BIVA began operations on 25 July 2018 and trades the same instruments as the other exchange in Mexico, the
Bolsa Mexicana de Valores
The Mexican Stock Exchange ( es, Bolsa Mexicana de Valores), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange ...
: equities, debts, warrants and some Mexican-specific instruments such as CKDs and FIBRAs.
History
On 29 August 2017, President
Enrique Peña Nieto
Enrique Peña Nieto (; born 20 July 1966), commonly referred to by his initials EPN, is a Mexican politician who served as the 64th president of Mexico from 1 December 2012 to 30 November 2018. A member of the Institutional Revolutionary Party ...
presented Santiago Urquiza Luna Parra, president of BIVA's parent company Cencor, with the concession to open and operate a new stock exchange in Mexico, the Bolsa Institucional de Valores (BIVA). The concession itself was published the same day in the ''
Diario Oficial de la Federación
The (DOF; translated variously as the ''Official Journal of the Federation'' or else as ''Official Gazette of the Federation''), published daily by the government of Mexico, is the main official government publication in Mexico. It was founde ...
''.
The stock exchange commenced operations on 25 July 2018, ending the 43-year monopoly of the BMV in the Mexican stock exchange market. The exchange's first opening bell was rung in a ceremony at the Altar de la Patria in Mexico City.
See also
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Mexican Stock Exchange
The Mexican Stock Exchange ( es, Bolsa Mexicana de Valores), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange ...
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List of stock exchanges in the Americas
This is a list of active stock exchanges in the Americas. Stock exchanges in Latin America (where Spanish and Portuguese prevail) use the term ''Bolsa de Valores'', meaning "bag" or "purse" of "values". (compare Börse in German or bourse in ...
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List of Mexican companies
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Economy of Mexico
The economy of Mexico is a Developing country, developing mixed-market economy. It is the List of countries by GDP (nominal), 15th largest in the world in nominal GDP terms and the List of countries by GDP (PPP), 13th largest by purchasing power ...
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Mexican peso
The Mexican peso (Currency symbol, symbol: $; ISO 4217, code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use dollar sign, its sign, "$".
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References
Financial services companies of Mexico
Financial services companies established in 2017
Mexican companies established in 2017
Stock exchanges in Mexico
{{Mexico topics