Institutional Stock Exchange (BIVA)

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Institutional Stock Exchange (BIVA)
Founded 2017
Headquarters Mexico
Key People Santiago Urquiza, President

The Institutional Stock Exchange (Spanish acronym BIVA) is a new, second Mexican stock exchange approved by the Mexican government in August of 2017. The exchange hopes to capture part of the equities market in Latin America’s No. 2 economy and entice more companies to issue stock. It aims to be operating by the start of 2018 and will compete with the Mexican Stock Exchange, or BMV.[1]

The new exchange would boost the number of companies listed in Mexico's economy by nearly 40 per cent in three years.[2]

It will be backed by technology from Nasdaq.

History

Products and Services

Key People

References

  1. Mexico approves new stock exchange; aims for start early next year. Reuters.
  2. Mexico gives go-ahead to new stock market. The Financial Times.