Institutional Stock Exchange
TypeStock Exchange
LocationMexico City, Mexico
Founded2017 (2017)
OwnerCencor
Key peopleSantiago Urquiza
(Presidente)
María Ariza
(CEO)
CurrencyMXN
Market capPrivate company
Websitewww.biva.com

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.

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]

See also

References

  1. ^ República, Presidencia de la. "Nueva Bolsa Institucional de Valores". gob.mx.
  2. ^ 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
  3. ^ Santiago, Judith (24 July 2018). "Entra en operación Biva e inicia competencia". El Economista (in Spanish). Retrieved 25 July 2018.
  4. ^ 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.
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