Bolsa Institucional de Valores
The Institutional Stock Exchange (Spanish: Bolsa Institucional de Valores), commonly known as BIVA, is Mexico's second stock exchange, based in Mexico City. BIVA began operations on 25 July 2018 and trades the same instruments as the other exchange in Mexico, the Bolsa Mexicana de Valores: equities, debts, warrants and some Mexican-specific instruments such as CKDs and FIBRAs.
| Type | Stock Exchange |
|---|---|
| Location | Mexico City, Mexico |
| Founded | 2017 |
| Owner | Cencor |
| Key people | Santiago Urquiza Luna Parra (Presidente) María Ariza García-Migoya (CEO) Fernando Pérez Saldivar (Director del Proyecto) |
| Currency | MXN |
| Market cap | Private company |
| Website | www |
History
On 29 August 2017, President Enrique Peña Nieto 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).[1] The concession itself was published the same day in the Diario Oficial de la Federación.[2]
The stock exchange commenced operations on 25 July 2018, ending the 43-year monopoly of the BMV in the Mexican stock exchange market.[3] The exchange's first opening bell was rung in a ceremony at the Altar de la Patria in Mexico City.[4]
Goals
BIVA’s goal is to contribute to the growth of the stock exchange through innovation, state-of-the-art technology, and accessibility. Powered by NASDAQ and its advanced technological platform, the most advanced in the world, it offers the highest execution quality standards.
BIVA’s comprehensive value proposition consists of:
1. Trading • Modern plans, adhering to international standards. • Anonymous market. • Block trading model for handling high volumes with low impact to the market. • Transparent and efficient determination of closing prices through auctions.
2. Listing and maintenance • Prompt and expeditious processes that reduce listing times. • Attracts a greater number of companies to the market with visibility and liquidity models. • Value-added services for issuers. • BIVA-T maintenance program: BIVA understands you, welcomes you and is with you every step of the way. • Personalized monitoring that includes industry, sector, and issuer analyses.
3. Market data and indices • Connection protocols that adapt to the participants’ different business models. • Modern indices, representative of our market and globally distributed in partnership with FTSE Russell. • Market data with all levels of depth. • BIM platform for real-time market data.
See also
References
- República, Presidencia de la. "Nueva Bolsa Institucional de Valores". gob.mx.
- TÍTULO de Concesión que otorga la Secretaría de Hacienda y Crédito Público, en favor de Bolsa Institucional de Valores, S.A. de C.V. Diario Oficial de la Federación
- Santiago, Judith (24 July 2018). "Entra en operación Biva e inicia competencia". El Economista (in Spanish). Retrieved 25 July 2018.
- Santiago, Judith; Suárez, Estephanie (25 July 2018). "1 de cada 4 adultos es socio de la Bolsa Institucional de Valores, a través de sus afores". El Economista (in Spanish). Retrieved 25 July 2018.