Difference between revisions of "Bolsa Mexicana de Valores S.A.B."

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{{Infobox_Company
{{Infobox_Company
| company_name = Bolsa Mexicana de Valores S.A.B.
| company_name = Bolsa Mexicana de Valores S.A.B.
| company_logo = [[Image:BMVSAB.jpg]]
| company_logo = [[Image:BMVSAB.jpg]]
| key_people =  Chairman Luis Téllez
| key_people =  [[Marco Martinez]], Chairman
| foundation = June 2008 as [[listed]] company  
| foundation = June 2008 as [[listed]] company  
| location = Mexico City     
| location = Mexico City     
| products =  Trading exchanges and services   
| products =  Trading exchanges and services   
| homepage = http://www.bmv.com.mx/
| homepage =   [http://www.bmv.com.mx/ bmv.com.mx]
}}
}}
{{Infobox Midpage Need Sponsor}}
Bolsa Mexicana de Valores S.A.B. (BMVSAB) sprang originally from the [[Mexican Stock Exchange]] (MSE) and is now a fully fledged [[publicly traded]] [[exchange]] operations company following an [[initial public offering]] (IPO) by the Mexican government in mid-2008. BMV owns the MSE - also confusingly known locally as the Bolsa Mexicana de Valores -  as well as its main [[clearinghouse]].
Bolsa Mexicana de Valores S.A.B. (BMVSAB) sprang originally from the [[Mexican Stock Exchange]] (MSE) and is now a fully fledged [[publicly traded]] exchange operations [[company]] following an [[initial public offering]] (IPO) by the Mexican government in mid-2008. BMV owns not only the MSE - also confusingly known locally as the Bolsa Mexicana de Valores -  but all the other important [[exchange]]s Mexico plus their main [[clearinghouse]].


In early March of 2010, [[CME Group]] and the Bolsa Mexicana de Valores, S.A.B. de C.V. announced that they had entered into a [[strategic partnership]] that included an [[order routing]] agreement for [[derivatives]] products. CME Group purchased [[share]]s in the Mexican [[exchange]] [[value]]d at $17 million, or approximately 1.9 percent of outstanding BMV shares, as part of the [[equity]] portion of the agreement.  
In early March of 2010, [[CME Group]] and the Bolsa Mexicana de Valores, S.A.B. de C.V. announced that they had entered into a strategic partnership that included an [[order routing]] agreement for [[derivatives]] products. CME Group purchased [[share]]s in the Mexican [[exchange]] valued at $17 million, or approximately 1.9 percent of outstanding BMV shares, as part of the [[equity]] portion of the agreement.<ref>{{cite web|url=http://ow.ly/1fzON|name=Press Release|org=CME Group|date=March 8, 2010}}</ref>
 
BMVSAB is a member exchange of the [[World Federation of Exchanges]].<ref>{{cite web|url=http://world-exchanges.org/files/statistics/excel/WFE2010AR%20final.pdf|name=2010 Annual Report & Statistics|org=World Federation of Exchanges|date=July 25, 2011}}</ref><ref>{{cite web|url=http://world-exchanges.org/member-exchanges/key-information|name=Members|org=World Federation of Exchanges|date=July 25, 2011}}</ref>


==Background==
==Background==
Bolsa Mexicana de Valores S.A.B. became a [[listed]] company on June 13, 2008 after a successful IPO in which over 13,600 investors purchased [[share]]s at 16.5 [[Mexican pesos]] each.<ref>{{cite web|url=http://www.articlesbase.com/investing-articles/history-and-operations-of-the-mexican-stock-exchange-902242.html|name=History and operations of the Mexican Stock Exchange|org=ArticlesBase.com|date=August 24, 2009}}</ref> The Mexican Stock Exchange was owned for 114 years by a group of Mexican banks and brokerages prior to BMVSAB's $388 million IPO. BMVSAB's A shares joined the Mexican Stock Exchange's [[benchmark]] IPC Index as one of the couintry's top 35 stocks.


==Key subsidiaries==
The exchange was founded by a woman, [[Dona Filomena Mayeu]], who started the exchange in a place called the "Confectionary and Pastry Shop of the Widow of Genin" on October 31, 1894.<ref>{{cite web|url=http://www.marketswiki.com/wiki/index.php?title=Bolsa_Mexicana_de_Valores_S.A.B.&action=edit|name=Dona Filomena Mayeu|org=Bolsa Mexicana de Valores|date=October 31, 2019}}</ref>
Bolsa Mexicana de Valores S.A.B. became a [[listed]] company on June 13, 2008 after a successful IPO in which over 13,600 [[investor]]s purchased [[share]]s at 16.5 [[Mexican pesos]] each.<ref>{{cite web|url=http://www.articlesbase.com/investing-articles/history-and-operations-of-the-mexican-stock-exchange-902242.html|name=History and operations of the Mexican Stock Exchange|org=ArticlesBase.com|date=August 24, 2009}}</ref> The Mexican Stock Exchange was owned for 114 years by a group of Mexican [[bank]]s and [[brokerage]]s prior to BMVSAB's $388 million IPO. BMVSAB's A shares joined the Mexican Stock Exchange's [[benchmark]] [[IPC Index]] as one of the country's top 35 [[stock]]s.
 
BMVSAB's main [[exchange]] business, the Mexican Stock Exchange, showed improvement in some key market indicators over the second quarter of 2009 following precipitous falls in previous months.<ref>{{cite web|url=http://www.mondovisione.com/pdf/BMV_Mexican%20SE%20June_2009%20.pdf|name=BMV performance report June 2009|org=BMV|date=August 25, 2009}}</ref> According to the report, the IPC Index rose slightly from 24,331.71 at the end of May to 24,368.38 by the end of June and has produced a yield of 11.7% so far over 2009, comparable to the world's best-performing [[stock market]]s.
 
On March 8, 2010, it was announced that the [[CME Group]] and the Mexican exchange had entered into an [[order routing]] agreement for [[derivatives]] products. Details of the agreement include the CME Group [[acquiring]] shares of the Mexican exchange valued at $17 million. Also, the CME Group was granted by the Control Trust of BMV the right to nominate a member to BMV board of directors. The CME Group will become the exclusive exchange provider of derivatives [[order routing]] services to BMV outside of Latin American and the BMV will be the exclusive exchange provider of derivatives order routing services to the CME Group in Mexico. The BMV's derivatives products are traded at their subsidiary, the [[Mexican Derivatives Exchange]].<ref> {{cite web|url = http://money.cnn.com/news/newsfeeds/articles/prnewswire/AQ66322.htm|name = CME Group, Bolsa Mexicana de Valores and MexDer Announce Order Routing, Equity Agreement|org = CNN Money|date = March 8, 2010}}</ref>
 
==John Lothian News Interviews ==
{{#ev:vimeo|57347161 }}
'''[http://www.johnlothiannews.com/2013/01/mexder-jorge-alegria-ceo/#.VUpoi_nBwXA CEO Jorge Alegria on the Growth Potential for MexDer]'''<br/>
Jorge Alegria, CEO of the [[Mexican Derivatives Exchange]] (MexDer), has seen his share of change since joining the exchange in 2003. The exchange has partnered with CME Group to offer its products on the CME Globex platform and vice versa. It also is set to launch its new derivatives trading platform in March. Alegria also sees an opportunity in its bond contract and the possible addition of commodities. In this interview with John Lothian, he also outlines the regulatory reforms in Mexico and their impact on the derivatives market.<ref>{{cite web|url = http://www.johnlothiannews.com/2013/01/mexder-jorge-alegria-ceo/#.VUpoi_nBwXA|name = CEO Jorge Alegria on the Growth Potential for MexDer|org = JohnLothianNews.com|date =  May 6, 2015}}</ref>
 
==Key Subsidiaries==
* [[Mexican Stock Exchange]] (MSE) - Fully [[electronic trading]] of domestic and international equities and debt securities.
* [[Mexican Stock Exchange]] (MSE) - Fully [[electronic trading]] of domestic and international equities and debt securities.
* [[Mexican Derivatives Exchange]] (MexDer) - Electronic trading of mostly Mexican [[interest rate]]s, [[forex]] and [[index]] futures and options contracts.
* [[Mexican Derivatives Exchange]] (MexDer) - Electronic trading of mostly Mexican [[interest rate]]s, [[forex]] and [[index]] futures and options contracts.
* SIF-ICAP - An [[OTC]] inter-[[dealer]] market in [[derivatives]] and [[fixed income]] securities.
* SIF-ICAP - An [[OTC]] inter-[[dealer]] market in [[derivatives]] and [[fixed income]] [[securities]].
* Indeval, [[Asigna]] and the CCV - Companies that provide BMVSAB's exchange investors with custody, clearing and settlement services.
* Indeval, [[Asigna]] and the CCV - Companies that provide BMVSAB's exchange investors with [[custody]], [[clearing]] and [[settlement]] services.


==Key people==
==Key People==
On March 25, 2009 the Mexican government named long-time political operative and former Secretary of Communications and Transportation Luis Téllez as chairman of BMVSAB.<ref>{{cite web|url=http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azK8xtIU5yZ4|name=Bolsa Mexicana Nominates Luis Tellez as Chairman|org=Bloomberg|date=August 25, 2009}}</ref> The announcement came just a few weeks after Mexican President Felipe Calderón was forced to announce Téllez's resignation as a government minister following a financial scandal.<ref>{{cite web|url=http://en.wikipedia.org/wiki/Luis_T%C3%A9llez|name=Luis Téllez|org=Wikipedia|date=August 24, 2009}}</ref> Téllez joined the long-ruling Institutional Revolutionary Party (PRI) in 1980 and rose to serve as Secretary of Energy under President Ernesto Zedillo from 1997 to 2000 before being appointed managing director of [[private equity]] powerhouse [[The Carlyle Group]]. He replaced Guillermo Prieto, who took over in 2001 and later engineered the 2008 IPO but after presided over a 51% stock [[price]] decline.
On March 25, 2009 the Mexican government named long-time political operative and former Secretary of Communications and Transportation [[Luis Téllez]] as chairman of BMVSAB.<ref>{{cite web|url=http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azK8xtIU5yZ4|name=Bolsa Mexicana Nominates Luis Tellez as Chairman|org=Bloomberg|date=August 25, 2009}}</ref> The announcement came just a few weeks after Mexican President Felipe Calderón was forced to announce Téllez's resignation as a government minister following a financial scandal.<ref>{{cite web|url=http://en.wikipedia.org/wiki/Luis_T%C3%A9llez|name=Luis Téllez|org=Wikipedia|date=August 24, 2009}}</ref> Téllez joined the long-ruling Institutional Revolutionary Party (PRI) in 1980 and rose to serve as Secretary of Energy under President Ernesto Zedillo from 1997 to 2000 before being appointed managing director of [[private equity]] powerhouse [[The Carlyle Group]]. He replaced [[Guillermo Prieto]], who took over in 2001 and later engineered the 2008 IPO but after presided over a 51 percent stock [[price]] decline. Téllez was later replaced by Jaime Ruiz Sacristan.
 
==Latest News==
 
BMVSAB's main [[exchange]] business, the Mexican Stock Exchange, showed improvement in some key market indicators over the second quarter of 2009 following precipitous falls in previous months.<ref>{{cite web|url=http://www.mondovisione.com/pdf/BMV_Mexican%20SE%20June_2009%20.pdf|name=BMV performance report June 2009|org=BMV|date=August 25, 2009}}</ref> According to the report, the IPC Index rose slightly from 24,331.71 at the end of May to 24,368.38 by the end of June and has produced a yield of 11.7% so far over 2009, comparable to the world's best-performing [[stock market]]s.


== References ==
== References ==
<references />
<references />
[[Category:Exchanges]]
[[Category:World Federation of Exchange Member]]

Latest revision as of 03:27, 11 January 2022


Marquette Partners.jpg


Bolsa Mexicana de Valores S.A.B.
BMVSAB.jpg
Founded June 2008 as listed company
Headquarters Mexico City
Key People Marco Martinez, Chairman
Products Trading exchanges and services
Website bmv.com.mx

Bolsa Mexicana de Valores S.A.B. (BMVSAB) sprang originally from the Mexican Stock Exchange (MSE) and is now a fully fledged publicly traded exchange operations company following an initial public offering (IPO) by the Mexican government in mid-2008. BMV owns the MSE - also confusingly known locally as the Bolsa Mexicana de Valores - as well as its main clearinghouse.

In early March of 2010, CME Group and the Bolsa Mexicana de Valores, S.A.B. de C.V. announced that they had entered into a strategic partnership that included an order routing agreement for derivatives products. CME Group purchased shares in the Mexican exchange valued at $17 million, or approximately 1.9 percent of outstanding BMV shares, as part of the equity portion of the agreement.[1]

BMVSAB is a member exchange of the World Federation of Exchanges.[2][3]

Background[edit]

The exchange was founded by a woman, Dona Filomena Mayeu, who started the exchange in a place called the "Confectionary and Pastry Shop of the Widow of Genin" on October 31, 1894.[4]

Bolsa Mexicana de Valores S.A.B. became a listed company on June 13, 2008 after a successful IPO in which over 13,600 investors purchased shares at 16.5 Mexican pesos each.[5] The Mexican Stock Exchange was owned for 114 years by a group of Mexican banks and brokerages prior to BMVSAB's $388 million IPO. BMVSAB's A shares joined the Mexican Stock Exchange's benchmark IPC Index as one of the country's top 35 stocks.

BMVSAB's main exchange business, the Mexican Stock Exchange, showed improvement in some key market indicators over the second quarter of 2009 following precipitous falls in previous months.[6] According to the report, the IPC Index rose slightly from 24,331.71 at the end of May to 24,368.38 by the end of June and has produced a yield of 11.7% so far over 2009, comparable to the world's best-performing stock markets.

On March 8, 2010, it was announced that the CME Group and the Mexican exchange had entered into an order routing agreement for derivatives products. Details of the agreement include the CME Group acquiring shares of the Mexican exchange valued at $17 million. Also, the CME Group was granted by the Control Trust of BMV the right to nominate a member to BMV board of directors. The CME Group will become the exclusive exchange provider of derivatives order routing services to BMV outside of Latin American and the BMV will be the exclusive exchange provider of derivatives order routing services to the CME Group in Mexico. The BMV's derivatives products are traded at their subsidiary, the Mexican Derivatives Exchange.[7]

John Lothian News Interviews[edit]

CEO Jorge Alegria on the Growth Potential for MexDer
Jorge Alegria, CEO of the Mexican Derivatives Exchange (MexDer), has seen his share of change since joining the exchange in 2003. The exchange has partnered with CME Group to offer its products on the CME Globex platform and vice versa. It also is set to launch its new derivatives trading platform in March. Alegria also sees an opportunity in its bond contract and the possible addition of commodities. In this interview with John Lothian, he also outlines the regulatory reforms in Mexico and their impact on the derivatives market.[8]

Key Subsidiaries[edit]

Key People[edit]

On March 25, 2009 the Mexican government named long-time political operative and former Secretary of Communications and Transportation Luis Téllez as chairman of BMVSAB.[9] The announcement came just a few weeks after Mexican President Felipe Calderón was forced to announce Téllez's resignation as a government minister following a financial scandal.[10] Téllez joined the long-ruling Institutional Revolutionary Party (PRI) in 1980 and rose to serve as Secretary of Energy under President Ernesto Zedillo from 1997 to 2000 before being appointed managing director of private equity powerhouse The Carlyle Group. He replaced Guillermo Prieto, who took over in 2001 and later engineered the 2008 IPO but after presided over a 51 percent stock price decline. Téllez was later replaced by Jaime Ruiz Sacristan.

References[edit]