Stock Exchange/Forex Trading History and Current Affairs

Mexican Stock Exchange

The Mexican Stock Exchange (in SpanishBolsa Mexicana de Valores, BMV) is Mexico's onlystock exchange. It is headquartered on the prestigious Paseo de la Reforma in central Mexico City. It is the second largest stock exchange in the Latin America. The total value of the Mexican Stock Exchange is estimated to be over US $600 billion.


Structure and Operations
BMV is a public company, and there are also the members, which are the brokerage firms. The exchange trades debt instruments including Federal Treasury certificates (CETES), Federal Government Development bonds (BONDES), Investment Unit bonds, Bankers acceptances,promissory notes with yield payable at maturitycommercial paper and development bank bonds. In addition, it also trades stocksdebenturesmutual 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).
BMV Indices
The BMV calculates 13 indices of stock prices. Each index can be used as an underlying value forderivative products listed on specialized markets. The main benchmarck stock index is called theIPC, 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. 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.
Share:

No comments:

Post a Comment