About the Mexican Stock Exchange
The Mexican Stock Exchange is commonly known as the Bolsa Mexicana de Valores (BMV). It’s headquartered in Mexico City, and deals with derivatives, fixed-income products, and cash equities. It’s the second-largest stock exchange in Latin America, and it became a public company in 2008 after conducting its first IPO.
On this page, you’ll find a list of the Mexican Stock Exchange companies, relevant indices that track the exchange, information about the exchange’s history, and the performance of today’s tradable stocks.
The Exchange had its beginnings in 1895, when the two competing exchanges Bolsa Nacional and Bolsa de México merged, keeping the name Bolsa de México. It kept this name throughout the majority of the next century, but the exchange was renamed as Bolsa Mexicana de Valores in 1975 and took on the smaller exchanges of Guadalajara and Monterrey.
After being privately owned for 114 years, Citigroup became the very first foreign company to trade in the BMV in 2001. This was the opening for other companies to do the same, especially when those companies came from South and Central America.
Later in 2001, the Securities’ Market Law went through a reformation, and the Corporativo Mexicano del Mercado de Valores was put in place to manage the personnel and administration of the Exchange and other financial institutions. When it came to 2003, the global market was available, letting the national investors access to foreign securities in the country.
By 2006, the MexDer system was born, where the Mexican securities market opened to foreign traders. This allowed for worldwide operation, and in the same year, four different exchange-traded funds (ETFs) over indexes of the stock exchange were listed. This put BMV in the lead in Latin America, and in 2010 an alliance was signed between BMV and the Chicago Mercantile Exchange, putting the Mexcian derivatives firmly within the international investors reach.
In December 2014, the Mexican Stock Exchange announced the first trade made as a part of the Latin American Integrated Market. The joint capitalisation of the four bourses in Mexico totaled US$1.25 trillion, and it was a move that is said to try to integrate Colombia, Chile, Mexico and Peru.
The first IPO we mentioned earlier that came about in 2008 offered its shares to the public. This made the Exchange a listed company, and over 13,000 investors bought IPO shares. These were priced at 16.5 pesos.
There are four main indices that track the performance of the Mexican Stock Exchange:
- INMEX RT
- IRT LargeCap
- IRT CompMx
The IPC Index is the most major stock market index of the Mexican Stock Exchange, tracking the performance of the leading companies that are listed on the Mexican Stock Exchange. There is a selection of shares that represent all shares on the list, from various sectors across the economy.
There are around 148 companies on the Mexican Stock Exchange, with a market capitalisation total of around $416 billion.