Mexican Stocks Exchange
The Mexican Stocks Exchange (Spanish: Bolsa Mexicana de Valores) is one of the two main stocks exchanges in Mexico. The other exchange in the country is BIVA - Bolsa Institutional de Valores. The exchange operates under the ownership of BMV Group that also operates the derivative exchange in Mexico MexDer. With a market capitalization of $426 billion, the Mexican Stocks Exchange was formed after a merger of three major stocks exchanges that were previously operating in Mexico. These exchanges were the Bolsa de Valores de México which was operating in Mexico City, the Bolsa de Monterrey (Monterrey Stocks Exchange) and Bolsa de Occidente (Occidental Stocks Exchange) that was operating in Guadalajara. The exchange adopted a fully-electronic trading system in 1999. The exchange is considered the largest securities market in terms of market capitalization in the entire Latin America. Most of the companies listed on the exchange are mainly manufacturing companies and tech firms such as América Móvil, Banco Santander, Televisa and Siemens AG. The main benchmark stocks index used at the Mexican Stocks Exchange is called the IPC. At first glance, the Mexican Stocks Exchange appears to have little in common with other major world exchanges. However, it is very mush similar to the systems used in the US and UK. In most nations, stocks exchanges form the basis of the primary listing and a platform for investors and corporations to interact. Stocks loans are traded under short timelines but provide facilitation to hedge funds against security prices.