The Mexican Stock Exchange (BMV) is one of two stock exchanges in Mexico and it is the second largest stock exchange in Latin America. It was founded in 1894.
The BMV was created from the merger of three stock exchanges that operated in Mexico, which were the Bolsa de Valores de México, which operated in Mexico City, the Bolsa de Occidente (Occidental Stock Exchange) in Guadalajara, and the Bolsa de Monterrey (Monterrey Stock Exchange). The exchange kept modernising until its introduction of a fully electronic system for trading which was consolidated in 1999.
The Institutional Stock Exchange (BIVA), based in Mexico City, is Mexico's second stock exchange. Once in operation, BIVA will trade the same instruments as the Mexican Stock Exchange (Bolsa Mexicana de Valores), which are equities, bonds, warrants and some Mexican specific instruments such as CKDs and FIBRAs.
Backed by Nasdaq and the most advanced technology platform in the world, the BIVA will strive to provide the highest execution quality standards.
The effort to create a derivatives market in Mexico began in 1994 when the Mexican Stock Exchange and S.D. Indeval jointly took on the commitment to create a derivative exchange. The Mexican Stock Exchange financed the project to create a futures and options market.
In August 1998, the Mercado Mexicano de Derivados S.A. (MexDer) was incorporated and trading began on December 15, 1998.